@Hans Baum What @Kevin M. has suggested is on spot.

It doesn't take long to learn how to spot a good deal.6.

A good broker will make sure the chain links stay together and strengthen any weak spots along the way, a bad broker will look for someone else to QB the thing and wait on their check.Nightmare closings do happen and they happen everywhere because it can be a title issue, it can be insurance, it can be a terrible team from the lender, your broker can be bad, and all of the above. 

Ohio markets show up 3 times in Zillow’s 2024 hottest markets, with Columbus and Cincinnati taking the top 2 and 3 spots.

Ken, your analysis is spot on, as usual.  

Does that mean that if he defaults, I can go after his assets such as his personal residence, 401K, bitcoin, etc.?

That really hits the spot.

The barrel is for more sanding ability but becareful not to leave it in one spot to long, it will sand "ripples" in the floor.

And sometimes banks are the ones who mislead such a home buyer, by issuing pre-approvals and approvals to sign a contract, but then back out when more sophisticated underwriters spot an issue (in buyer's income, credit score, DTI, property value and etc.) that loan officers who gave preliminary approvals didn't want to see.

If you are talking spot lots building one here and maybe one there .