What you are implying beyond just getting mail at the property is that you would at some point sign a statement that you would be occupying the property as a primary residence.

Have the seller sign the document certifying how much rent the tenant is behind.

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

Just to update:  We offered to screen the prospective tenants & sign a new lease if they passed screening.

Furthermore, I often find it's much easier to convince buyers to sign with me than sellers by telling them that classic line: "Oh, did I mention that my services to you are free?"

(FYI - I didn't get your mention . . . make sure to select a person's name from the little menu that pops up as you type @name).

What did you consider when selecting a brokerage to work with?

2) What methods do you use to determine a comfortable number pay the lessor per month while leaving enough  wiggle room to pay mortgage, cover for vacancies, repairs, taxes while having a good cash flow left over with the intent of saving this to use for the 20% down payment when the option is exercised.3) Would you pay for an inspection up front before the contract is signed, or wait until it's time to exercise the option?

When I go into my profile and click on "Signature Options," I cannot edit what appears there, only select what shows, but I don't know where it's pulling the company information from or how to change it.

I have a property under contract and was planning on signing the mortgage paperwork yesterday.