You could also make it a smart house in which you can see if someone is there and monitor the AC, turning it off when it isn't rented right through your cell phone, etc.  

Then you back that money up with a breach of contract that protects that and even potentially charges more for violating the lease agreement. 

Should I go straight to my attorney and have them write up the contract?

Get the property under contract and do your due diligence.

From what I understand, a short sale is an agreement between the current “defaulted homeowner” and lender to sell at a price that will attempt to cover the mortgage, but once put under contract or sold does the “defaulted homeowner” have the option to recapture the home in a short sale as they may in a foreclosure?

I would then take out a HELOC to leverage the equity she has built up over the years (current value of the home is about $800k) for a down payment on an investment property or two.I was recently advised that putting the house in a trust, rather than adding my name to the deed, and putting myself as a beneficiary would be smart for estate planning purposes and give me access to commercial loan options as well as residential.However, I want to know if there is a major difference between the amount I would qualify for on the HELOC if I were to apply as a Trust or as an individual.I would assume either way the bank would be looking at my income to debt ratio and make a judgment that way.I appreciate the feedback!

Hi All,I have a question on a commercial loan for a duplex that I have under contract in TN.

So my regular 9-5 contract gig is ending soon. 

You'll probably have to compensate them for their time (something like $100) as you do not own the property nor have it under contract and GC's do not like having their time wasted with individuals who are simply seeking free bids and won't use them or are looking for a free tutorial.

I was able to get a contract on the house and should be closing by the end of July.I'm now starting my search for multi-family homes for next phase.