If there is no specific requirement, I would get the lease sign and streamline the process. 5 - Typically you do the move-in inspection with them and then hand them the keys. 

My main interest is to buy a handful of properties, live in one and rent a couple out for a secondary source of income.

However, I just want to caution you against getting into the habit of hand-waving whenever someone brings up an expense you don't have in your calculations, saying "eh, don't worry about it; I have enough cash flow to cover it."

Not sure how much you are looking into getting for the flip, but I don't wouldn't want to put in that much work for only a bit of cash.Of course I do not know what the actual comps are in the area since I am not in your market nor actually have a Realtor's CMA analysis in hand.

I'm asking this both for the situation at hand, and for future reference.

On the one hand the tenant ticked me off in terms of how she left my property without notice and hasn't taken any responsibility in working with me outside of legal proceedings so pretty happy to stiff her with the full amount. 

Are you concerned about point breeze becoming a bubble soon, I feel like renters are going to have the upper hand in negotiations if there is too much supply. 

I can provide more details as well as I have managed to get my hands on the insurance certificate, board meetings, financial audit of the reserve and assessment of structure. 

If you ever need any help or advice I would be happy to lend a hand.

one I can specifically recall was the seller went and told the credit union she sold the property promptly got a letter from said credit union they were calling the loan.. the others don't recall specifics.agreed properly collateralized investors this is a good tool... like guns or pitt bulls in the wrong hands its a disaster.. and when people teach this its usually because the buyer does not have the money to buy any other way and looks at it as low down way to get into the deals and they have no credit to borrow money.. for well collateralized companies like yourself or us.. its great tool.. for seller highly risky in states that allow deficiency judgements.. would like to think the buyer will just deed it over but that's not been my expeirnce.my experience with these going badwere gurus teaching sandwhich lease options on sub too.. in our state that requires a full foreclosure to cure.. now you have a lessee int he house who is not paying.. you have your middle man who ran out of money can afford to forclose or make payments.. you have the seller usually figure it out when they are getting late notices and their credit is trashed..