A period of several months (often 6) following the expiration of the agreement serves to protect agents from buyers who will simply cancel the buyer agency agreement after a suitable property has been found - just in order to avoid paying the agent a commission.Put more simply - it's a kind of "loyalty" agreement.

I guess it just boils down to if the numbers work to afford the two payments.

There are flippers who simply cover up issues rather than fix them in order to make a quick buck.

This seems pretty simply but you'd be surprised how many people can't defend their claims as to what the numbers on a deal are. 

If you end up needing those dollars, you can always pull them back out of the line of credit, but as long as you don't need those dollars, they're going to pay down your principal and interest costs.People use this strategy to pay off houses in as little as three years, and it really works, but if you simply want to use it to build up equity for an investment purchase—which is how I use mine—you can withdraw a huge chunk when a good property comes along and use the equity in your home to buy an investment.

Otherwise, it will simply impact your income and you will pay based on your income tax level that year. 

Someone doesn't take it and dies of COVID (your fear) they are dead either way.Legally this is a mess and by making your own personal mandate you are simply adding another layer of liability to the mess. 

I'm working on creating a yearly maintenance checklist for my rentals so I can simply give this to my handyman and let him take it from there.

@Ryan Brown As Is simply means the seller is not agreeing Up Front to make any repairs for fha/financing loan requirements.

I had my attorney call the Seller and simply explain that we are prepared to enforce the contract.