The idea while good in theory that some might "stick" surely means losing support of realtors over time:- In the 1st place it means a lot of extra work they may not need nor want, -In the 2nd place, many if not most of these offers will probably need re-negotiating of price and no doubt subsequent failure of the contract.

Such Sub-Prime lenders deserved and expected higher rates to compensate for the extra risk and the probable higher costs of recovering their money.  

When I am purchasing my townhome the lender wants extra stuff from HOA and it turns out HOA is under litigation.

Here are some scenarios that I can think of:1) Use the extra money from the rent to get to 20% equity and eliminate PMI.

Cant wait for the food too!

Now that I have 12, I am understanding the "ebb" or "flow" of operating capital and  how to easily keep 6 months reserves, it is all easier with more cash flow now, in a few years you can refi or pay extra principal if you like.  

Also has a detached garage that rents out separately for extra income. 

Should I get a little extra (higher LTV) for the next investment?

Unfortunately, our property managers have had to take those extra steps to get a very small percentage of our tenants to apply for the assistance.Best of luck! 

Unique idea about the extra long closing, though I'm not sure I'd be comfortable with that since I see all too often seller's get jumpy, even if a contract is in place, if they have too much time so that makes me a bit hesitant.