Bad idea to get multiple properties under contract?

[Jonathan Farber]

With so much uncertainty currently and in the next few months, I am considering making offers on a few deals in my pipeline at the moment - with corona contingencies.

My question is, is there a downside of getting multiple properties under contract with the goal of only taking some of them down?

Sort of as a hedge but also because it doesn’t seem like there is a lot of risk in doing this? Aka return of earnest money deposit.

Also, if the deals still seem great at the end of due diligence, maybe they can be wholesale'd or JV'd with someone else.

Any blind spots here or things I’m not thinking of?