I live right up the street and plan on staying here forever so my rentals are next door/close by.The two houses are grandfathered and if I want to replace them they give me a 30-day window to replace which isn't happening unless I go mobile which I do not want to do. 

I wanted to make sure we're not missing anything before we close:Requested an estoppel agreement to be signed at the final walk-throughNew/updated lease will be signed honoring the previous termsRequested to see the rent rollWe have a copy of the leaseThe sellers agreed to replace the roof before we close; we asked for the roofers information to make sure they are licensed/will pull a permit, and to get information on the roof.Will confirm that security deposits will be transferredAnother concern/question I had is about paying cash for keys.  

make sure the insurance is for replacement cost and not property value in case there is a difference. 

It does put  you in a position of looking to purchase in a sellers market but if you factor in the taxes savings you're still getting a deal on your replacements.  

It sounds like you don't want a rental - so you need to look at your options to sell...owner financing, conventional, etc.You could do an Executory contract as a means around the 180 day limit but would seek legal guidance as there are lots of disclosures and risks with that route.Also, I assume this is residential - the requirement does not apply to commercial or investor purchases.

My plumber has done this, my electrician (we have to replace knob and tube electricity), my drywall guy.

Everyone wants good schools so hopefully the current tenants stay tenants or they are easily replaced even in hard times.  

I have some buy and hold experience in Colorado but flipping just sounds fun and exciting.  

However I've been doing research on it and it sounds like bamboo is actually a weed and can be I'm nightmare to deal with.

. $65 a SF sounds nice, like the one member described.