Since Tim is a neighbor (I live just north of Southlake in Flower Mound, TX) and his area is much like my neighborhood, I listened to this podcast 3-4x and have really gone back to reconsider my investing objectives.

I've definitely reconsidered my target locations based on previous experience (25 years in the peninsula) and areas that I'm particularly interested in actually living in.

At that point the investor reconsidered their contract with me.

This success story has made me re-consider fix-flip as a tool toward my buy and hold goals. 

If you have to do seller financing cause your original purchase price was garbage, you need to reconsider how you're buying the asset from the get.

I've been interested in getting into renting out my house, but some of these horror stories about tenants doing 20k+ of damage while leaving is seriously making me reconsider.

So, she threatened to back out of the deal and reconsider the purchase of their home if the repairs weren’t made.

When I have made low offers and they get rejected, I just politely let the seller know my offer stands and should they reconsider, I would be happy to talk.  

Of course, this may depend on the circumstances and the judge.I'd seriously reconsider putting carpet back into a rental.

If so, doesn't sound like a big deal to me...you should have 2-4 months of rent to cover whatever marketing time/costs are required to find the next person.I wouldn't ever sign a lease without getting money (money order or cashier's check) up front and certainly wouldn't quit marketing/showing a property until the lease is signed.If you didn't collect any money when you signed the lease then you ought to reconsider the leasing process.