Since the termination fee is equal to the deposit, he's guaranteed to get nothing back.

Therefore, an original intent to hold property for investment does not guarantee capital gain (or loss) if the circumstances change.

Even if I got a proof of funds letter from a local investor, I can't guarantee he or she will be the person who buys the deal from me...

Buying at the market cap rate is almost a certain guarantee that you will lose money on the property.

Other thing about renting to college students is to really screen them well, have their parents be co-signers and make sure you have a security deposit because it's almost guaranteed when they move out the place will not be as sparkling clean as the way it was when you first rent it out.

Bloomberg states this: “In talks with Clinton, China will ask for a guarantee that the U.S. will support the dollar’s exchange rate and make sure China’s dollar-denominated assets are safe,†said He in Beijing. “That would be one of the prerequisites for more purchases.†https://www.biggerpockets.com/forums/310/topics/35940-or-is-it-an-honor-to-pay-the-taxes-?

I would really suggest you keep the main job for the guaranteed income.

Have your end buyer deposit 25% of the purchase price in non-refundable escrow 2 business days before the closing.Make a deal with your HML to be on standby in case the second closing does not take place.The "pain" of the 25% loss is a virtual guarantee that he will close as planned.

You can try to explain to her that it's just like renting her house, except you guarantee a payment every month, and you are responsible for taxes, insurance, and any repairs necessary.

The 1% Rule (monthly rents of 1% of the purchase price) will virtually guarantee that the property will not cash flow.Mike