At that point I would probably say I changed my mind and continue with the eviction hearing.

With that in mind once you reach that level of savings you should be able to spend more freely.When you have more savings than you will need to take you to the grave you are ready to live less frugally. 

As far as the structuring of a contract goes, my best advice is to enlist the aid of a local broker who specializes in working as a buyer's agent and can put together a contract with your best interests in mind (and maybe get you a better deal). 

Cory, that's a great Q because I just watched Phil's video on YouTube about personal finance where he compares Ramsey, Orman & Kiyosaki and brings up his most valuable resource, The Millionaire Mind by the PhD who interviewed, researched & studied over 700 millionaires most from two to $10M.

Would love to connect with some like minded individuals in the area. 

With that goal in mind, I was trying to pursue the path of starting a brand, creating an app, or founding a business, but after hearing about BiggerPockets my mindset has shifted. 

Inquiring minds wanna know.

For a little extra money you get peace of mind.

(assuming the tenant met our criteria.)Keeping in mind that much  of the screening process is to ensure someone is going to pay the rent, if it's already paid, I would look at it differently.

I’ll keep you in mind for deals in your neighborhood.