Banks all state payments transferred within 24-48 hours, but reality is unless you both have same bank, it's 3-5 business days.2) Via BillPay check-You just need their name and mailing address.

Wondering if there is an existing clause that would allow me to back out of the agreement if my buyer can't close or changes their mind.My spread is only a couple thousand and I'm not sure that it's worth the risk.

We’re on the same page about wanting everything well-documented and on paper to protect both of us and maintain a business relationship.

You might also meet someone that could be a potential business partner.

Hi Kanika, There are programs available for investors that may allow up to 85% of the sales price on an STR property. 

Above 5+ units is possible but more challenging and rates are where you would expect them..50-65%LTV will be common for higher plex units, a common workarounds is if they have a US based family member or business partner with an LLC..Some investors or lenders have specific countries of origin that are restricted or even prohibited, check with your mortgage professional. 

@Randy Horner It would be awesome if you could stop by their office to confirm that it's a legitimate business!

. - Management and resources..operate it like a hospitality business with very clear communication with guests and reliable crews both for cleaning and emergencies. - Consider guest amenities, house rules..hot tub..pet friendly etc- TLC.

What made my investor interested in this deal was firstly the size, being just under 1500 sqft and being a complete shell minus some framing allowed him to be able to convert this once 3 bed into a nice 4 bed home.

That allows you to get your reno money back out, and some cash as well on the refinance.