This is an opportunistic strategy with a lot of moving pieces and the riskiest of all investment strategies in the real estate universe (the safer ones being core, core plus and value-added).

As you state your intent was to double-close - a universally legal way to wholesale - you may have some of the same remedies available.If your losses amount to enough that it's worth it to you, I'd talk with a local attorney.Let us know how this all works out. 

Some background: I'm currently in the market for some small multi-families, and believe I've found a great deal near a research university.

It is across from an all girls university.

So, we actively engaged in letting the universe know what we wanted.

Pros: Let's say West Hyattsville is closer to more amenities and can tap into the University of Maryland student market, without having to be in College Park.

Now I want to actively get involved and hopefully meet others in the Reno / Sparks / Tahoe area that have found success in this hot market.I am originally from Southern California and went to school at the University of Nevada.

I finished my bachelor’s degree in business from Southern Illinois University - Carbondale, Illinois and took my first job out of college with Hunt Construction Group as a field engineer on the $250 million Kansas City Royals baseball stadium project.

But the best school anyone can go to is the school of hard knocks.3) This comes from my education at HKU (hard knocks university) It is better to practice on rental property than your own property...

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