Obviously you don’t want to pay a mortgage.

For obvious reasons, the buyer opted out of the contract.

Since your property is already all cash, if they're perceiving a near correction they'd jump right into a total all cash investment through the 1031 that provided a good return and had a 1-2 year exit so they could come out if wanted and take advantage of a buy opportunity. 

Depending on the state, you're responsible for the total payoff including the entire outstanding balance, arrears and legal costs. 

That is obviously a misread on my part then.  

You Do have total control over what you offer. 

However, I've had horrible experiences with both American Home Shield and Total Protect Home Warranty. 

However you are looking at about $20,000.00 in total cost so you will have to determine if it would prove worth it to you.

Do a little research and see if it's totally necessary for the cost of a commercial loan.We always counsel our borrowers to get all the  conventional financing they can get and then once they've hit their 10 loans, go commercial. 

I can sell it or rent it easily.Is it better to sell it or rent it.The house appreciated about 70k in 4 years and about 30k principal reduction which a total of 100k..If I rent it I can make $700 monthly above mortgage.I purchased another primary residence and am moving in two weeks.I want to make the best decision.Thank you for your input.