Life happens and tenants lose their jobs, they break up, get divorced, have kids and need bigger places, can't afford the current place, or whatever....and then they just move.

Last bit, if something looks really bad that I notice during showings, I’ll schedule a time that week to get it fixed while the current tenant is in place (as long as I feel the tenant won’t re-break it in that time).Good luck, -justin

@Joe VilleneuveWow, a great way to break it down. 

Once again thank you for sharing and breaking down the details.

The reason is most people to live there is a break even point just like owning a business.

Along slightly different lines, in college I had to break a lease agreement well before ever moving in and it costed me $500.

But I also like to trust numbers and feel a deal is a deal and I don't think the seller will go any further down in price regardless of the outcome of the virus as I know what they paid for it and roughly how much money in renovations they spent and with our current offer they will hardly break even. 

Definitely don’t want to break laws the second I enter the industry.

If you break your lease you will not get evicted, you just simply violated the option contract and lost your option money.

Since I do not have the 20% DP, I do understand that PMI plays a big factor when looking at "Cashflow" or breaking even.