Far from our jobs etc.This things will prevent us from residing at the place but have seen good deals in slightly father market such as NJ,PA even Upstate NY, but the NYC area forget it I am lucky to find a multifam that can go for less than 600k if that!.

It is only a potential property I am looking at right now, but my lawyer recommended 3 or 6 month leases for the sake of if I had a bad tenant I could terminate the lease instead of renewing thus preventing an eviction.

Prevent the mass exodus!

My questions: How do you go about making an offer to prevent earnest money deposit loss if you are skeptical about initial financials (income and expenses breakdown) received from the seller.

We have had really cold weather preventing builders from putting in foundations & closing in houses.

You should be able to uncheck every day (to prevent) check-in and check-out, which should strictly limit Saturday to Saturday bookings for you.

I was thinking it would help to seal the cracks and prevent any water from seaping through

@Jessica SeppoThe IRS does require you to report the sale in two situations:you have some gainyour title company issues Form 1099-S at closingYou can sign an affidavit at closing that prevents the title company from issuing a 1099-S, and most people sign it blindly.

The michigan law that you cite puts a really weird twist on this, you can prevent anything that breaks a state or federal law, and that is a common clause but the MI law may nullify that. 

Repairs cost more than preventative maintenance.