What is the age of the building and were there any proposed or confirmed assessments by the HOA?

Prospective client is renting as a guarantor for mother in law to live nearby him, proposing to do a 2 year lease, mother in law who will be the occupy is retired so all credit check and income is based off daughter and son in law.  

. – For the first time, online platforms such as Airbnb would have to collect and remit taxes on vacation rental properties, ensure that only properly licensed rentals are advertised and provide the state with specific information about the rentals, under a proposal headed to the House floor.In exchange, short-term rental regulation would be “pre-empted” to the state, largely preventing local governments from regulating vacation rentals.

I want to get the lease before the PSA stage to validate there are no surprises before my client spends thousands doing a PSA negotiation or setting as a possible 1031 exchange selection.In regards to a sale leaseback the potential tenant will have what they propose as acceptable terms and then the purchaser can put in their LOI what they want.

I also wouldn't be particularly concerned with offer structure at this point either unless you intend to propose some form of seller financing, which is going to be secondary to the number you propose anyway. 

But I think it is fair for others to see what some candidates are proposing that could directly affect how we invest our time and money into Real Estate.

What you are proposing does work in some states and in some communities provided back taxes and lender liens don't get in the way, but not in many communities or states. 

LTV / Amortization: Sub-notes written under the Master line of credit will be limited to the lesser of 80% of an as-improved appraised value or 90% of the proposed cost of acquisition and improvements (“cost of acquisition and improvements” will exclude: projected interest expense, referral fees, and/or projected profit).

At the end of the day the biggest risk you face is losing your earnest money deposit when your offer gets accepted, but you shouldn't have to risk that because your lender is too lazy to look at the location, condition, ARV and proposed price for the deal

I also have a couple great ideas up my sleeve that I would be happy to share with this proposed group, but that I won't be posting on any blog!