So if you envision yourself building up a stable of high performing, moderately appreciating properties in a market like mine and being as "distant" from the operation as possible, then that's a useful thing to realize. 

You also have to perform due diligence for trying to find another tenant.Or you all can come to an agreement (put it in writing) that she pays Dec. rent (whether she lives there or not), allows showings, and you also keep the security deposit. 

We would really like to pressure test the water systems during the inspection.From Fannie Mae Website - "Once your contract has been executed, a 10-day inspection period is provided, allowing you to perform inspections and determine whether the property meets your needs.

Ask for proof of rent or leases and then perform your own analysis.

Ideally it would expire or require performance from the buyer by x date but not necessarily.

Others analyze the deal on what the numbers are instead of what the numbers SHOULD be (not perform or could be).

You can probably get your job done with 10k if you self performed it.

The contractor should have supplied you with a Time and Materials Rate sheet and had their documents signed prior to performing any work.  

Rehab is funded at or nearly at 100% and rehab costs typically reimburse as the work is performed.

BRRRR with hard money then performed 100% cash out refinance for ZERO into the house.Luckily, I don't need to write a book on this since Brandon already did.