Keeping my fingers crossed...it is habitable (still has tenants) and did not have any pending code violations.

As a hypothetical: "Betty, who has a gambling habit, has been taking $x,xxx,.00 a month from 7 client's accounts through fraudulent invoices and payments to a fictitious company.

The stricter guidelines includes requiring the home to be considered habitable which means the home must have a working furnace, good electric, good roof and a few other requirements.

Mold, no heat or water would qualfy as not fit for human habitation.

Staying active and engaging the community is of vital importance to your success and education in RE.

I do understand investments take time to learn and to see things through, mistakes are made, and of course a constant learning habit.

But understanding that risk and balancing it with more and safer investments is vital.

Keep in mind it could depend on the wording in your contract/purchase agreement though.Regardless, you wouldn't want to make a habit of (or be known for) backing out of agreements for no reason.

They have personal agendas, plans for the houses, want some of the stuff and ideas abou what to do with the cash from savings or sale.These living people have bills to pay, children to feed and habits to pay for.Find the pain and the things that interfere and solve those problems.

I could barely spend the 1 hour open house time we did for them.The buyer @ $144,500 was a divorced, retired 65 yr old GM worker with a 2 pack a day habit.