I dont finance customers work .In contracting not getting a deposit , is like renting a house without first month and security deposit up front .

Or allowing a sub2 or old school loan assumption?

I let them know I've absorbed their current leases and in coming weeks will write them new ones (which I customize for each property).

Do you mind sharing what assumptions you used for maintenance/vacancy and other expenses?

Bedrooms:2 bedsBathrooms:1 bathMulti Family:2,216 sq ftBoth units rented @ $700/mo w/ tenants paying utilities, long term tenants, want to stay with propertyHave not personally inspected yet, but was told no major renos to do, turnkey (not expecting this to be the case)Sat on market for 153 days @ $79,999kCurrently listed @ $45,000I am completely making an assumption of $35k for purchase price!

In fact, I just got back from looking at some of the properties for my customers and have lots to report back to them.

Commercial loans do often have assumption clauses.

I just built a custome wood over mantel on a brick fireplace.

They are my customers and I respect their privacy and their time.

Perhaps payment customs are different in your area.