You do not owe the seller any explanation on this. 

The only ways the typical investor (defined as a middle-aged adult with 4-5 properties, generating around 60-75k annually) will generate similar yields in the current state is (1) taking advantage of senior debt (assumable debt/seller financing), in this you are improving bottom line NOI via the spread between active and par interest rates. (2) Value-add or flips (Higher risk and not typical) (3) Investing in developing areas that will see high amounts of rent growth over the coming decade due to population changes.

Everything is as promised if not better.There's a little bit issue on the final day but not entirely their mistake.Problem with all these previous negative feedback is always when buyer/seller doesn't know what they're doing. 

Several factors at play: the sales market has been slow so many would-be sellers are converting houses they can’t sell to rentals, lots of new construction units have been completed recently, and in-migration has slowed down a bit.

But after working with him, I realized he was very systematic and mostly cared about closing deals without much care for the client's long term needs.Here’s an example: I had a $10K escrow with the seller—$5K due upfront and $5K after the inspection.

I am a Real Estate agent in Memphis and I had listing and therefor was representing the seller.  

Seller retains full ownership. 

Transaction volumes continue to be slowed with days on market increasing, but Sellers are remaining defiant and not coming off too much of their higher prices.

I predict that the guys who are fully leveraged and cash flowing $100 per month will be motivated sellers when the next big correction happens.actually its either them or they walk and its their lenders selling that is what happened in that time period.. and was pronounced in certain markets.for me personally  I don't want to risk  my credit and finances and borrow 75k to make 1200 a year... or even 2400 a year if its a market that has a history of no appreciation and I don't feel there is going to be any significant appreciation.. 2 to 3% a year does not cut it.but I will take 500 a month negative or 10k a month negative if I think there are huge gains at the other end.. 

@Joel Florek will your bank let you get cash out at closing even if the seller is carrying a note?