I'm not an attorney, but most states (if not all) will compel you to honor the lease with the tenant in place at close of escrow, so you need to get a copy of it and make sure you are comfortable with the terms.

If you can't find a copy, let me know & you can borrow mine.

Regarding the normal cash-out refi, this was copied directly from the link above (page 8):Cash-out refinances: If the property was purchased within the prior six months, the borrower is ineligible for a cash-out transaction unless the loan meets the delayed financing exception in the Selling Guide (B2-1.2-03, Cash-Out Refinance Transactions).

The things I would do is get copies of all existing leases, a list of the damage deposits of each tenant, a copy of all documentation of condition of the property when each moved in ( how can you prove that carpet was not stained with red koolaid when they moved in?).

Originally, he stated that he would make a copy and would give it to me ASAP.

If it's a purchase loan, they'll want to see a copy of the purchase contract signed by both parties.They have all my pertinent information from previous deals so it all happens quite fast.

This was the process:1) Used the IN Purchase & Sales Agreement and met seller at her home and got two copies of the agreement signed.2) I know the seller, so I wrote the EMD of $1,000 to her.

I said I'm sorry you said that, you did hear the beeps when we were talking didn't you, you know that means the call is being recorded which I'm allowed under state law, I think I will need to send a copy of it to the state bar because it is clear to me you have over stepped your real estate license and are now practicing law without a license. 

As for the second unit, I currently have it on hold for a family that brought copies of their pay stubs with them to the walk through and have passed my reference checks.So, so far so good!

Also, after winning a bid, will the buyer still be able to get a copy of the appraisal from the AM??