Not an outright restriction per se, but the lease does require the tenant to clear any construction or contractors through us. 

I've also checked out B2R and there's another similar one operating under almost the same constructs - firstkey lending. 

very smart way to construct the payment clause and avoid potential arguments down the line.Thanks for sharing

It's a guaranteed bet to have people lined up to rent.

If I was a betting man, he may have sensed you were trying to treat the loan as commercial versus residential.  

Hold no punches, Marines can handle constructive criticism :) 

i cant even begin to respond to that.You have the property pending, good for you, if the guy is a great credit risk and has at least 20% down i bet it will appraise. how about this we have an independent appraiser chosen at random appraise it, if the appraisal comes in lower than 30k you apologize publicly for your misleading website and pay for the appraisal, if it comes in over 30k I will apologize publicly and pay for it.  

One of my great long-term real estate bets counts on them cleaning up the inner-city beaches. ;)

Since our background for 35+ has been new construction production builders, we prefer the term redevelopment versus rehab or gut rehab.

We are very interested in a Buy and Hold strategy.I do have some basic construction skills, so I can spot things in homes we are looking to purchase and estimate how much it might cost to repair.