@Mrinal ParasharMy lease says "Upon the due execution of the agreement, tenant shall deposit with the landlord..."

A shout to my rock star real estate agent Jeff Gregory from Realty Executives Success in Shorewood, Ill.

STR is a business model that requires execution to attracting new business. 

If you have terms outlining the closing date on a fully executed contract, then yes, they should be enforceable.

Depending on how the owner financing was originally structured, the buyer will get title to the property for the first time or the seller will execute a Satisfaction of Mortgage indicating the mortgage has been paid in full and releasing the lien on the property.Read this article for detailed information https://www.forbes.com/advisor...All the best!

Estimate today's cost to replace that element (should be easy if new construction, more difficult to develop an accurate number for an older property, but absolutely do-able ), divide by number of years expected life, set aside that much each year until item is actually scheduled for replacement, adjusting the "remaining life" annually for accelerated deterioration or prolonged life due to well planned and executed preventative maintenance.

Currently, I am setting up my strategies to run numbers/deals/processes so that I can build connection with other motivated individuals looking to execute good deals & close my first deal very soon!

On a contract for deed no deed is recorded, or even executed.  

I understand that the new property needs to be identified within 45 days and fully executed by 180-days of sale of the initial property. 

On top of all that if your number work, I would start concentrating on executing your plan to earn income from the property.