Expecting to find the seller here, is like looking for a needle in a mountain of needles.

In my opinion, a good agent brings a lot more to the table than the MLS, and you would be losing a valuable member of your team. 

That part I am not worried about.So my possible partner brings a lot to the table.

Regardless, there was an offer on the table already for more that what seemed appropriate.

You learn things much quicker when it’s your own money on the table.

I really like the idea as it takes all the landlord stuff off the table.

I am bringing to the table 20% downpayment (USD 124k).

Double check - maybe it's a short sale in which case the price is lowered just to get the offer on the table.

FHA financing requires the least amount of cash at the settlement table and many purchasers find FHA financing more "affordable" than conventional financing that requires a 20% (or higher) down payment.On the other hand, if you are looking for the best return on your invested capital, you have to run a cash flow analysis for different downpayment amounts and compute the cash on cash return to see how much downpayment gives you the best yield on your invested capital.

What good do you really think that clause will bring to the table?