Maybe you will feel best telling it all and forfeiting many deals to come.

Best to be at least an agent or better yet a broker so that you can place and monitor your bids and forfeit commissions on the buy.

You need a RE license to find a buyer for the seller.If you are unable to find an assignee/buyer and forfeit your earnest money deposit as full liquidated damages, then you won't need a RE license.

When the fully developed stuff gets down to raw land prices it's time to hop in and benefit from the last developers forfeited equity.

We represent ourselves.The title company is still working on the title so we do not have confirmation of a clean title yet.Our Question:If the option period expires before we get confirmation of clear title and THEN we find out there is a major, potentially unsolvable issue with the title, have we forfeited our Earnest money deposit?

If you do not dissolve the LLC, then you will continue to have to pay the $300 fee to the State of Delaware and for a registered agent in Delaware until your LLC is deemed to be forfeited.  

If nobody redeems, the excess funds are eventually forfeited and go to the county.A redeeming owner pays the taxes plus interest, and also pays interest on the excess bid, but only on a portion.

If you don't close just forfeit your earnest money.  

This is because TSP uses forfeited money (from people leaving before their matches are fully vested) to pay down the plan's expense.

And the bulk of that 5% risk is really whether or not we get a bit overexcited about multiple opportunities and run the risk of a cash flow squeeze and have to forfeit a deposit.