I guess I'll see if I made a good deal or not in order for this to work.Blanca,Yes, you could take a HELOC for the remaining repairs, or refinance into a bridge loan and get some capital back to make those repairs, and then refinance into the long term loan that you are looking for. 

If you want the best terms now because you dont want to refi, see what they require for seasoning for the performing lease to override the appraisal.

My understanding in Maryland the seller provides the buyer with a copy of the COA papers at least 21 days prior to settlement and you have up to 7 days to review and pull out of the contract if you don't agree to the terms.  

Plan for the Future: Make sure the home can accommodate your long-term plans.6.

Foreclosures, short sales, and off-market deals can provide these opportunities.Target up-and-coming neighborhoods with increasing home values rather than already hot areas.Research comparable recent sales and get an inspection to accurately estimate the after-repair value (ARV) before making an offer.Follow the 70% rule - the purchase price plus renovations should not exceed 70% of the ARV to leave room for profits after selling costs.Focus renovations on maximizing returns - kitchens, bathrooms, curb appeal rather than over-improving.Hire experienced contractors and have a project manager oversee work to keep things on schedule.Price the renovated home at or just slightly below comparable recent sales to facilitate a quick sale.

Yes, technically you have to have the contract, but really when do you think a commitment can be assumed?

I purchased a short-term rental property a couple years ago that requires crossing another landowner's property for access.

In the short term it can be overwhelming, you lose sleep, you worry about other hidden issues popping up, you second guess your decision to buy the property (buyer's remorse).So, what happen to the two property I listed above?

Short term/vacation rentals interest me, but I'm open to learning as much as I can about anything at this stage. 

Lost my contractor early so general contracted myself which was a PITA.