A deed has to have consideration to be valid even if it is for administrative purposes which this on seems to beMy guess is this property was an FHA loan that was foreclosed on and BofA was collecting on the FHA insurance with HUD and transferred to them.  

If you have that language lurking somewhere, you still have a valid and enforceable contract, including agent compensation unless the agent is fired for cause.I'm just guessing, but if you signed a purchase agreement in July and still did not have short sale approval by October, the agent did not do his/her job properly.

Giving them valid reasons is a courtesy but you don't have to try to prove it. 

I finally stepped in and helped them start using TenantCloud for basic monthly accounting, as well as a way to help track leases and equipment warranties and maintenance. and am looking to take on more responsibility soon.Looking to learn as much as I can to help manage their investments, improve their cashflow, and understand how to evaluate a property for myself as well as for my parents to help them diversify their portfolio with properties outside of this complex.Thanks,Alessandro

Most military are not going to rent in the ghettos, although that can be a valid tactic if employed properly.

Plus you can buy a home warranty if you were truly concerned (even though they will make you pay somehow), they do cover some cost if you just wanted peach of mind and budget.

Some of the pieces had issues but were fixed free under warranty but probably not worth the trouble.Menards - Bought tons of stuff during the 11% off weeks including vinyl plank at $1.40/sqft and all the other little things needed.

______________________qCertificate of Occupancy qInsurance Policy DocumentqPremium 2yrs+___________________________________________________________qAll claims past 2yrs________________________________________________________Compliance Documentation: qZoning CertificationqBuilding Code Compliance LetterqInventory of Transferred PropertyqLead paint DisclosureqAsbestos Disclosure qBuilding square footage certificationMaintenance: qCapital Expenses Age/Replacement/Service Statement (Required)qDeferred Maintenance Statement (Required)qOperating manuals for all transferred equipment/itemsqAdditional Seller Disclosures_______________________________________________________qHOA Agreement:qAnnual Dues______________________________________________________________qHOA Benefits_____________________________________________________________qDate/Cost/Use of Last Special Assessment______________________________________qProperty Management ContractqLandscaping ContractqMaintenance ContractqEquipment Rental ContractqPlot Map_______________________________________________________________________qBuilding blueprints_______________________________________________________________qFloor plans_____________________________________________________________________Will Seller Issue Warranty of Information?

I also don't want to accept a tenant with no valid rental reference whose name appears on an eviction court listing too.

I've seen maybe one instance where the person was getting a divorce and had to provide some paperwork showing it to be valid so they could consider that person an owner occupant.I've seen first-hand people get tagged for the $10,000 fine for violating the first look policy.