It’s technically possible to qualify for Real Estate Professional (REP) status with out-of-state rentals, but in reality it’s very tough to pull off.

We had originally factored lower operating expenses due to the deal's proximity and our plan to self manage.The seller hadn't kept any records, so estimating costs moving forward proved relatively tough to nail down.

Eviction isn't a great option here- I think you'd have major problems in court proving which tenant caused this issue or if it were tenant caused at all.

The agent forgot to include a clause in the offer that before they buy that they need to sell If you can prove that you requested the agent to put in this clause and agent did not, my view is the agent has some responsibility.However, you signed (or e-signed) the offer.  

😂 Yeah… not quite.What really hits you fast is how tough it is to build trust.

Insurance is tough right now.

Those buyers already proved they’ll close if the numbers make sense.And yeah, buyers need room to make money.

You're basically trying to find out if the seller is in a tough spot OR need a few days post-closing to transition into their new place- Would the seller be open to _______ (insert terms, condidions, concessions, etc.) - Would the seller prefer to sell the property with the current tenants? 

This is the USA , you dont have to prove you are innocent .

I was just posting on here to see if anyone had any experience with this type of thing.In my non-legal opinion, given the info provided, I think it will be an uphill battle for this buyer to prove that the seller failed to disclose material issues that would have affected the value of the property or the buyer's decision to purchase it.