She has extensive experience in lease options, and can provide you the proper documents.

I'm new at investment properties and was trying to take in as much as I could on the extensive remodel.

I've extensively researched the few markets I am familiar with.  

I have done extensive traveling so I am always up for getting in new areas.

You'll have to refinance the deal after a year by finding another lender or getting an extension from him/her.The amortization over 5 years indicates the time frame it would take you to pay off completely the loan the seller provides IF there was no balloon payment.

If the property becomes flooded and it's due to a malfunction in the house,, then until it's corrected the landlord needs to either accommodate the tenant in a hotel until repairs are completed if the property is so bad they can't possibly stay there until the property is restored while being worked on .. but this depends also on what is reasonable time...If the property, is or has, become so terribly flooded and the damage is such the owner has determined it will take extensive and lengthy time to fix, then he can negotiate with tenant to be immediately let out of lease. and refund the rent from day of damage to end of month and fully refund the deposit if the damage was not caused by the tenant.IF THE tenant damaged the property due to neglect , malicious act.

Picture a leaking third floor which is causing extensive damage on the 1st and second floor. and the tenant on the 3rd floor does not allow access.  

Usually extensions must be agreed to by both parties.

We will see heavy civilian casualties and extensive damage.

CheersAlex Alex, I have extensive experience in foreclosure law (both bank work and defense) in Connecticut and have seen it all.