Many investors have achieved excellent returns here, making Richmond a great place to build capital for future investments.

Like pert near anyone in our bizz you do have bummers each year myself I wholesale them off when i do have to take one over.. or i might sell them on my 0 interest short term owner finance program .. which creates some rock solid paper given the assets usually need a lot of attention at that point.. for the speculation I had 2 long term land plays one paid off after 22 years of owning it for a 100X multiple  yes 100X  :)  And the one i currently have that the new CHIPS act could create a huge win for myself and partners..

The sponsor has an excellent track record5.

Purchased for $200,000 with a same-day resale value of $233,000, the property offered excellent returns.

Right now, winning a multifamily in these areas with an FHA loan will be very difficult.

My $10k example was admittedly unrealistic.However, by way of further background, @Dustin Heiner wrote an excellent article on this topic on his website masterpassiveincome.com titled "What to Do When A Buyer Backs Out From An Assignment Of Contract".In it he suggests a scenario where the assignee decides not to proceed, perhaps after discovering a big ticket repair item that would cost significantly more than the portion of the assignment fee held in escrow. 

So it was a win win for both of us.

Couple that with an online coupon and you have an excellent deal!

Do I just need to give the excel sheet I created to the real estate agent or so I need to actually have a formal offer written out? 

It just looks like another corporate guru trying to win your business.