How much sleep are you losing.

Now, if you own 1200 other units, they may think the management ability is there, ability to pay, the experience level is good, the title interest is then sufficient they may do the deal.

But if your deposit is not sufficient, your landlord may sue you, probably in small claims court where the limit is $5,000 in Florida.

If I put a contract on a house, and I had little idea of how I was going to pay for it, I am not sure I would get any sleep for the next 30 days.

I would think that the presence of asbestos containing materials in the home constitutes a sufficient defect to rescind the contract, so if you don't work with them to remediate those materials, they can probably back out of the contract fairly easily. 

I made things to my comfort level and I sleep well at night. :-)best of luck! 

Also do i need proof of funds for the offer to be accepted or is my EMD sufficient?

- Live in one side rent out the other) with a very strong down payment you can get the advantage of better downside protection and income.Make sure that you have enough in reserves so that major repairs and a vacancy coming off of major repairs won't sink you and that everyone sleeps well at night.When you are looking for renters do a complete credit & background check on all occupants 18 & over - no exceptions!

Would a seller finance note sufficiently protect the lender and give them the right to foreclose if necessary?

@Bryan Hancock & @Bryce Y.What makes you think there will be sufficient secondary market activity to support an exchange?