I've heard/seen some contractors take 1/2 up front and not return for months [if at all].   

Don’t undermine the work and battles lenders have fight on behalf of their clients to make you (all investors) look good.

Negotiations focused on offering an all-cash deal and a quick close, which allowed us to secure the property at $400,000.

All roof vents are capped so that’s highly unlikely.

I have an STR in Glendale and cash flow because of that, but if it was an LTR I'd have a little bit of negative cash flow so I'd recommend holding onto it especially with all of the new development in Glendale. 

That all paint's 1 very nice picture. 

It all sounds good it really comes down to the attorney you have to structure it in a way that allows for greatest flexibility in case you know what hits the fans.I had that happen a few years ago in an equity deal and we had the other partner buy us out of the deal because it was taking a lot longer than they anticipated.

Any and all advice, suggestions welcome!

I have a local property manager for you that all my clients use.Good investments...

I can typically find a new tenant to start renting shortly after the original tenant leaves, earning me a little extra money for my trouble.For tenants that can't/won't pay the termination fee, we let them know they remain on the hook for all expenses until a new tenant takes over.