Unfortunately they're saying my contracts the contract, but I am getting a little concerned that I just lost $20k. 

Quote from @Joshua Michael Hauman: Hey BP Community,I've got a friend who is a veteran and asked for my help to get into investing and I'm more than happy to help him out however there a concern that came up.

At this stage, I’m planning to rely on the lender’s appraisal, though I’m concerned it may come in just above the asking price rather than capturing the property’s full potential.Has anyone encountered a similar situation?

Hey Katie, I totally understand why you're thinking about backing out; flood zones can be a concern!

As of today, the current average interest rate for a 30-year fixed mortgage in the US is 6.91%.DSCR mortgage rates are typically anywhere between 1% and 2% higher than conventional loans.Please feel free to reach out directly with any questions or concerns.  

When a seller refuses to pay the commission, then the investors MAY agree to pay up to 3%.I understand that the NAR requirements stipulate at least two forms or documents disclosing buyer agent compensation to both parties.I’m just concerned that we might be in a pickle in this process.

I appreciate the ease of management that comes with mid-term rentals, but I have some concerns.

I own land and a fairly new mobile home in Henderson Co.

I do agree 50K EMD for a 340K home is way too high and raises some concern.

You state that everything is equal but are concerned that not everything is equal...It's very possible to see a price spread like that even with comparable coverage but it's also vitally important you work with someone that has your back to make sure you understand your coverage before you'd have to use it.