Then you go down the rabbit hole of what happens when the borrower defaults on a note you sold to someone you "sold" on changing their retirement plan... and then this post gets lengthy, etc. 

I've heard it's a very lengthy process.

At this point one or both of the parties will make claim to the earnest money, the other party will answer the claim, and the court will have a hearing to determine the disposition of the money.To avoid this lengthy process and the associated legal costs, the parties often agree to a split of the earnest money.  

Another seller I spoke with a few times so far (again, lengthy calls) has very interesting viewpoints on a myriad of issues.

Apologies for the lengthy post, but the details are a bit involved.

Another benefit is that buyers planning on using delayed financing can acquire a property faster than someone with financing contingencies or a lengthy mortgage process.

I would plan to sell in 5 years, hopefully before any capital expenditures, which would net me $33,448 per unit (taking into account the negative $68 cash flow per month).I know this was a lengthy post and I appreciate you all taking the time and sharing your thoughts.Thanks,Matt

@Austin DavisFirst check your zoning to see if geothermal (vertical well) is permitted and if there are restrictions to wells / lot or by acre.Next, geothermal (the heat pump variety), where it is cost effective, has a lengthy payback. 

That's a lengthy process. 

I've been managing for over a decade and it's not very often I come across a buyer that doesn't flood my email and voicemail with lengthy lists of questions that only I can answer - your real estate agent isn't going to know the history of the building your purchasing in - yet they make a lofty 3% filling out a few forms.