But one thing you can do so they dont high jack your EM  remember both buyer and seller have to sign to release it if does not close.Is see if you can put up NO EM but put 50k as downpaymnet for the property show it as part of the purchase price then you can demand it back on just your sig

I signed a commitment to sell based off of those figures.

Our counsel previously advised we are legally entitled to a greater amount including all lost rent until the home was re-signed, cost of lock-out, cost to clean up house, physical damage, ect.For context, this is a solid house in a decent neighborhood and we never had prior issues with the tenant. 

If you sign a lease with a nursery school teacher and CPA with credit scores of 800+ with a 3-year-old, what’s the likelihood that they will suddenly start cooking meth and destroying your property? 

They sign up for it and pay for it for the upcoming 6-12 months to avoid Tenant B dragging their feet with paying Tenant A.

If they say they do not need to fill out a W-9 as they are exempt from 1099's being a corporation, then they still need to provide a filled out and signed W-9.

Let they sign something that they'll cover all your costs associated with taking any of their advice.

If you can't get a HELOC now because of low LTV, I would take it as a sign that you shouldn't take out that loan right now.

And also,When I draft the contract for the seller to sign, how far out should I set the closing date on the contract?

When there's tenants already occupying the property, there's often times different leases that were signed among the tenants.Additionally, renting by room usually sees higher tenant turnover which in turn causes more work for the PM.Other challenges to consider:- Disputes/conflicts among tenants (different personalities if a tenant doesn't know the others prior)- Occupancy limits- Splitting utilities (what if someone uses more water?)