But, when you ask should you back out because the seller is a liar and a jerk - it depends on if the numbers make sense in spite of the seller.I lived in the mountains of WA state for a long time. 

If it's such a great place as you say, you will have no trouble listing and renting it within 30 days.Even if you have a security deposit, tenants will typically just not pay the last months rent, use the security for the rent (in spite of what the lease says), and you would have to take them to court to recover if there are damages.

They are basically a medical device that is required by their disability to live in their apartment - in spite of - their disability.

But we are quite a long ways down our land lording careers, and opted for rentals in spite of the less friendly landlord regulations.  

Nope, they exist because a lawyer figured out a way to help his clients transfer unlimited wealth and permanently protect it for future generations with 100% certainty in spite of what 'experts' claimed at the time.So, that is why I said what I did.

During 2008-20011 there were "zero dollar" move in deals, "first 2 months free", "we will pay for you to move" and many attractive concessions that would cause a tenant to move in spite of the deposit.   

Walked to an all-night pharmacy in spite of being warned, "Señor, no white people wanna be walking around here this time of night."

If you choose to stay with us in spite of the problems, please understand we cannot offer a refund as our cancellation policy does not allow us to.

Finally, you need to keep in mind that this is all in spite of the fact that the Federal Reserve did squeeze rate toothpaste out of the tube three times in 2019 in an exact attempt to stimulate lending broadly. 

It was not ended "under Biden," but in spite of what he tried to weasel in.