Thanks, Account Closed, I like the idea of setting up a basic packet and doing annual checkups for a business.

So I'm just fishing around for ideas on what others do.

Or is it simply just not a good idea?

Obviously, you can't do that for every single real-estate project, but it's not a bad idea to comb over the documents and ask any questions you may have. 

If you're worried about the cost of interest over time, well, you have the option of making additional payments towards the principal, but it's nice to have a low minimum payment when you don't have much cash, or you have a vacancy.Sorry if I haven't answered all your questions, but I'm sure there are other members with better ideas than mine.

Unfortunately one cannot charge for emotional support dogs but I like @ Kim Meredith Hampton’s suggestion of requesting, that “thingy” to verify that it is legitimate.I thank you for this post, because, as a result, I am going to modify the #2 section of my lease which is the “RELIANCE ON RENTAL INFORMATION”, details of which are presented below.I love Bigger Pockets for the great information and ideas that come up even when one is not looking.Feel free to adapt and modify the reliance on rental information provided below.Now whether it will hold up in court, that is for an attorney to decide but at the very least it initiates that agreement between me (Agent) and tenants.Cheers!

Eric, (or anyone for that matter) can you define your idea of fantastic vs acceptable deals?

I don't wholesale much because I like to keep and own assets that pay me over and over, but you have the right idea Account Closed.  

Bottom line is not all that glamorous but pays the bills.I think your idea is great, it requires skill to put together a spec build, design, and sell, not to mention finding the right deal will also be a challenge, the good thing about it is there is less risk of the unforeseen factor aka surprise expense.

@Galvin DueslerGo to your counties vital statistics dept. and request a copy of the death certificate.