Offer lease terms that will allow you to move in when you are ready.Property Condition: Plan for any renovations or updates you may want to make before moving in.

I allowed small holes to hang pictures on the walls and as stated above I have my painter fill them in when they re-paint the walls for the next tenants.

If you move forward on this, make sure you have layers upon layers of checks and balances here.

There are some 3/2 rehabs for sale in the 190s nearby that comp well, but will keep my fingers crossed you have a speedy sale.

If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.

This scenario seems to give the buyer what they want, and unless the land contract forbids subleasing, it works well with the existing land contract in place.If and when you exercise the option, the buyer (who will actually be the owner at that time) still prefers an installment sale for tax purposes, that can be done.

Overall, Section 8 is a good way to get some pretty reliable income to get the property cash-flowing, provide additional experience, as well as with the required annual inspections, make sure your property stays in a good condition! 

If the contract included a due diligence period that allowed for the return of EMD and the numbers on the deal made sense, then I would request an extension on the EMD and hire an architect or structural engineering to review the area pointed out by the inspector. 

My insurance company doesn’t allow undergraduate or graduate students.

If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.