Reply with, "If you're certain the extension will be sufficient to get this deal closed, I'll grant the extension if the buyer puts up additional non-refundable earnest money.

It is really a small fraction of people that get foreclosed, and probably because they didn't have sufficient reserves to handle bumpy situations.

Those low-down payment loans that you are discussing for the first mortgage won't give you a sufficient equity position - unless you can somehow buy the house for WAY under value.

In addition to BP, I listen to Ken's podcasts.

Do they require confirmation that a live infestation is present, is documentation of termite damage by an exterminator specialist sufficient?

Normally, in this scenario when communication has been sufficient and consistent, we would send a certified notice to vacate within the parameters of the existing lease.  

As with a subpoena or summons it must only be delivered and attested that it was delivered.the real issue is timing and can a QI deliver funds with sufficient documentation of the structure and intent of a 1031 and not breach the constructive receipt thresh hold. 

Also, if you are planning on buying a 3 or 4-plex using FHA, you should research the "self sufficiency rule" as this may limit the markets and price points you could buy in.Finally, the advise given to find something that needs work that you could add equity to is good advice, even if you plan to hold not sell.

It's the only investment vehicle I know of that I can quickly build a self sustaining, self sufficiant, large money stream...unlimited in growth, and spend noneof my money.

If deadlines are not met give yourself an out at the same token do not be cheap or deceitful as nothing p-sses of a contractor working with dishonest clients.