Once delivery and acceptance occur and the document is recorded, it's just a record keeping item in your safe or file cabinet (or wherever important papers are kept).If you're trying to engineer a deal whereby you profit from a difference in price between your seller and ultimate buyer then you need to make certain it has the components of marketable title. 

I highly suggest that you take a look at - The Ultimate Beginner’s Guide to Real Estate WholesalingSee you around!

I ran the numbers about 6 or more different ways and ultimately in my best case situation came out with 1600 cash flow.  

"There are two primary choices in life: to accept conditions as they exist, or accept the responsibility for changing them."

Have you read the Ultimate Beginner's Guide to REI?

I would like to get the most out of biggerpockets, I hope to meet some very experienced investors as well as newbies to network, learn from and with and of course ultimately do deals and make money.

Then she would visit our choices, take pictures, and give us a report about the pros and cons of each one. 

Hi, my name is Ryan. I'm at a bit of a cross roads in my life. I really want to be a real estate investor and property owner. I have a lot of passion for it. Long story short I grew up on a farm, worked everyday all d...

Option 2 is a higher/better price but has the closing pushed out 5-6 months until the ground has already thawed.If you're confident about your numbers then I think those are the two main choices.

If it doesn't say, then it is ultimately a court who sorts it out if there's a conflict, but I wouldn't expect most courts to side with a landlord who just decides they want to use the backyard themselves for bonfires or storing their junk.