Depending on any other clauses within the contract, the way this is worded, the binding acceptance doesn't occur right away. 

It never occurred to me that I probably could have gotten it for less than $50,000 until your comment made me remember that.

BUT.... the most productive deals for me, have occurred driving parks, meeting park managers and owners.

And thats not expecting some miracle or some crazy price appreciation thing that typically only occurs on the coasts.

We both have full time jobs, so if problems occur with tenants, we will most likely look at hiring a Property management.Thank you!

As such if this exist it should not be taken lightly and can cause serious harm in which a landlord could be liable.

I think most of us (who pay taxes) care about general injustice, and don't mind to see the government step in and set up shop to prevent these things from occurring. 

FEESApplication Fee (to cover administrative costs)... common in most markets.Move-In Fee (to cover administrative costs)... common in some markets, but not seen in others.Pet Fee (for the privilege of keeping a pet)Guest Fee (a per diem fee for the privilege of allowing a guest to stay past the customary guest period)Notice Service Fee (cost of serving/posting/mailing legal notices related to rental agreement violations)NonSufficient Funds Fee (cost of trying to process an NSF check)Rent Late Fee (violation fee)Utilities Late Fee (violation fee)Unauthorized Pet Fee (violation fee)Unauthorized Occupant Fee (violation fee)Unauthorized Parking Fee (violation fee)Unauthorized Modification Fee (violation fee) - modifying the structure of the property without written consent, includes changing out light fixtures and plumbing fixtures.Unauthorized Installation Fee (violation fee) - includes installation of  telecommunications equipment on the property without written consent.Smoking Fee (violation fee)Smoke/CO Alarm Tampering Fee (violation fee)Fire Suppression Equipment Tampering Fee (violation fee)Door Lock/Window Lock Tampering Fee (violation fee)Garbage Fee (violation fee for cleaning up and disposing of excess garbage)HERE ARE SOME OTHER IDEAS:Property Damage - charge as it occurs or as it is discovered.Special Services - charge as they are provided.

Builder's risk is intended to cover perils that might occur when construction (like rehab) is underway. 

These would be my preferences:1. closing occurs after the tenant pays - you get credit for the remainder of the month in closing2. seller gives you the rights to the full February rent3. seller does not get credit at closing, but gets pro-rated rent when rent is received