Even when it seems like 48 hours won’t matter, you could lose out to someone who gets there first.

Odds are you will lose your EMD if you back out, which may be a better option than sticking with this deal (depending on the amount and how it impacts you financially.)

OP the option period is just your due diligence period. in Texas its common to put up 100.00 non refundable for a 2 week option.. if you dont like it you back out and lose your 100.00

You'd lose $700 a month in cash flow, but you'd also save money in rent.

I did recently lose both my handymen in San Diego so a referral to great handyman would be good

With using the FHA loan, your offer loses a large competitive edge in the market, but a good agent will navigate it properly for you and also weed out the unqualifying homes.

Some cash flow amazingly, and some lose money every month, but they all serve a purpose.As some have said, if you buy a Duplex your monthly payment after taking in rent from the other side will likely be close to what you are currently paying.

Have you ever heard of a Landlord being sued by a Tenant and losing property?

(Heads the sponsor wins; tails the investor loses). 

These are everyday experiences.If you borrow equity from your primary home and the investment fails, you risk losing your primary home.