I guess my point is, we're buying this house with zero intention of wanting to keep it, so if time runs out and we don't have a buyer lined up before WE are suppose to close, we just lose the grand or two EMD and walk away??

That would have met the intent of our first purchase which was to have a vacation home partially offset by rentals when we were not using it.I would be happy to provide any information that you might find helpful.Our cabins are all at little Valley Mountain resort.Chris

I am have every intention of fixing all major issues that we missed, so please don't slam me on that.

What do you do if for some strange reason they say yes, but you have no intention of buying their property and only want to sell property to them?

As long as your lease states your intentions you have every right to enter.

I went to an auction one time with the intention of submitting a low bid on the property.

There likely isn’t much use in a fully-amortizing loan if your intent is to flip so I would say an interest-only HELOC is a good option provided you can qualify for the loan using collateral external to the transaction.

If you leave early (with intent), it could be considered mortgage fraud.

Even buyers with the best intentions often never close on your property, so you could be renting it out for many years before you actually sell.

While it is correct, the government has the budget to pursue these actions, always remember what the lesislative intent is here.