It needs a price, a close date, amount of earnest money deposit, who pays for what, and signature/dated of buyer and seller. 

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

I’ve seen others offer 3 times the deposit back if out in less than 30 days, 2 times if out in 60 days. 

Try this out: "My partner and I have over $250k as a deposit on our next multifamily property.

I am under contract with a 3 family multi unit in New York with FHA loan 3.5down deposit property cost is 1mil.

At years end I will be forming an LLC and creating new contracts with the owners under the newly formed LLC.My plan is to just have 1 LLC entity manage all the properties, with an operations bank account, and savings bank accounts for each security deposit we take in.

The administrator needs to understand that they are responsible for the rent payments, not you responsible for hunting them down.If you're leery about the setup, consider doing a large deposit and a shorter fixed-term on your lease.

I do not intend on transferring the property ownership to the LLC, however, wanted to get you guys’ input on whether an LLC is beneficial for business operations (i.e. bank account for income and expense, direct deposit for rent from house hacking, etc.)?

Or can I request ACH deposits only.

How do I charge (keep from deposit) the amount of time it took me to complete repairs after the tenant leaves.