I won't take the deed for 10 days + after the sale anyway, so the worst case is I forfeit the sale if the lien is legitimate and substantial.

If he changes his mind and does not want the unit, or can't move in on the agreed upon date, then he forfeits the full deposit and i rent to someone else.It worked for me and I did not mind holding the property for 2 weeks until he could pay me the first full months rent with certified funds.

So if you finish the flip in 4 months, but have purchased a 6 mo Builders Risk, you will forfeit the 2 months of premium. 

I'd hate to forfeit this deal but it is what it is. 

The agreement they sent looks ok but seems to have alot of legal jargon that makes them not liable for anything and forfeits any of my rights to seek damages in case of anything unforeseen happening.

Meaning, if the tenant flakes out and leaves owing late fees those are forfeit and not paid out to the PM from the deposit or anything like that.I didn't feel great about it at first, but I have a class C complex and I've come to understand how much door knocking, negotiating and cajoling ends up happening to get some of the rents.

States in lease I need 30 days notice and move out early you forfeit last months rent and security deposit. 

It doesn't sound right to me that they took money away from a tenant's forfeited security deposit. 

If balance is paid off sooner then 50 payments renter agrees to pay a pre-payment penalty of $2,500.00 to be added to the remaining balance of said purchase price.The parties agree that if Renter fails to complete the contemplated purchase of the property for any reason, no refunds or credits shall be due to Renter.Renter shall maintain the property, at Renter's expense, in clean, good working order.Renter shall pay all property tax’s as well as all other expenses associated as if the property was in there name.Renter shall indemnify and hold harmless Owner against any and all claims, damages, or actions arising from Renter's possession or use of the property.If Renter fails to make a payment within 15 days of its due date, Renter agrees to surrender the property to Owner upon the Owner's demand.If Renter fails to make a payment within 15 days of its due date, Renter agrees that Owner shall have the right to enter Renter's property for the purpose of taking possession of the rented property.If after completion of this agreement renter sells said property 33% of total sale price will be paid to owner ( ).Renter agrees to make and pay for all necessary repairs needed to include but not limited to, roof repair, plumbing repair, painting, heating system and kitchen remodel within a 12 month period or renter agrees to forfeit property back to owner with no refunds of and money paid thus far.In witness to their agreement to the terms of this contract, the parties affix their signatures below:_________________________________ _________________________________Owner, signature & dateAddress___________________________City, state, ZIP ______________________________________________________ _________________________________ Renter, signature & dateAddress_____________________________ City, state, ZIP________________________ Notary Signature :­­­­­­­­­­ _____________________________

If you "get caught" and the Listing agent or HUD inspector finds out...you could KILL the deal and forfeit EM.