There's usually a clause like this:EFFECT OF ADDENDUM: THIS ADDENDUM AMENDS AND SUPPLEMENTS THE CONTRACT AND, IF APPLICABLE, ESCROW INSTRUCTIONS.

Explain how they can receive a down payment now and monthly payments to help supplement her living expenses for the next couple of years.

I have some reserve cash that i would use to supplement any repairs beyond the 35K mark.

The CAP rate is just a simple ratio to ideally enable a buyer to compare the cost of similar cash flows within a specific local area.  

I'm currently interested in getting started in buy & hold real estate investing to supplement my retirement in 5 years. 

It enables him to keep living there for free.

I do have a supplemental income of $100 a week and do not need to pay rent at the moment.

I am going to be really fast about this and I want to believe you done or have an independent party perform due diligence on the property to give you an unbias opinion about the property to enable you make an informed investment decisions, this step is very essential to real estate investing success. 

After spending lots of time reading many posts here on BP regarding insurance, I've decided to go with an additional Commercial Liability policy to supplement the landlord policies to cover both properties.Since the liability insurance is with a different carrier different than the landlord policies I was told I will have to remove the liability insurance from the homeowners policies so the new commercial policy (3 million) will cover any liability.In general, am I giving up any liability coverage from the landlord policy that may not be covered by the commercial liability policy when I terminate that coverage?

If you are hard working it can initially supplement your income.