So if lending falls through, you have to pay cash or waive your right to getting your escrow deposit back. 

We did, and it gave great peace of mind because we didn’t know the local nuances of residential law or that we fall under boardinghouse rules.

Our thinking is, if we can put down lower and make the deal pencil at the higher rate, we can always refinance when rates drop, which we understand is expected in the fall/winter 2024.

I started allowing dogs last fall. 

For good reason after this Oregon STR, I am tapping out of REI until Fall 2024.

It was easy to buy a cashflowing rental because rents weren't really affected by the falling real estate market.Now, investors must spend a lot more time looking for "deals" and make a lot of low-ball offers to buy at prices that result in cashflow.Reminds us of the market BEFORE 2008 market crash.

Plus if you have to do some repairs, then you have that credit line to fall back on.

It falls under delayed financing so the more you know the more attractive your pitch becomes.

i'm wondering if we're "doing something wrong" here. we have a strong RE agent and attorney team. they do everything they can; maximum exposure, covering our a**ses, etc... and deals keep falling through.it's a very nice (subjective, i know) piece of land (1 acre) in residential chicagoland.does anybody have any tips to get it sold?

By accident or on purpose...If you have no choice, then make sure that you are notified if they start to fall behind...