There’s something about “nicer” that draws us in, but the numbers of “not quite so nice” are hard to beat. 

While we had an engineer in to stamp drawings, we did not do a full inspection of the basement, and there was some damage down there that came up in inspection when we went to sell. 

Do they have a job, if so they should pay rent or be evicted, if not do they draw unemployment, if so they should pay you at least a portion for rent.

You can put back the principal at any time and you can withdraw at any as well ( during the draw period typically 10 years ) .

I've gone back to the drawing board and came up with the solution to all of our problems: Just add beer! 

If your goal is simply to get them fixed up to rent, but then sell versus becoming a landlord, a home equity line might be a better option, since there are typically no closing costs associated with them, and you only owe on what you draw. 

You can draw all the parallels to the last crisis but the truth is as they quote in the following article, "history doesn't repeat, it stutters":https://www.atlanticcouncil.org/blogs/new-atlanticist/can-we-compare-the-covid-19-and-2008-crises/We have a tech economy that is firing on all cylinders. 

My thoughts are if I have an attorney set the contract up it will be easier for the bank to give me the loan as oppose to showing them a contract the seller and myself draw up? 

In most places I'm sure you can draw a half mile or mile radius around a property for comparables, in Chicago crossing one street can be the difference of hundreds of thousands of dollars.

Don't draw things out.