Readers are advised to seek professional advice.

Brandon Rush puts out the monthly lineup of real estate events on some of the facebook groups so I'd advise you to get connected to us on Facebook.I look forward to meeting you at an event in the future.

Can anyone advise me? 

So the mortgage companies and the IRS set the exact same threshold for being a second home or being a an investment property.My CPA however has advised me that there are caveats for doing repairs, or periodically visiting to inspect it, that allow you to exceed the 14 day leisure limit.

And, that's usually what I advise on when we encounter these challenges. 

@Kunal Lakhwani I agree with everything @Owen Rosen is stating and would add most policies will have a clause stating if it has been vacant for more than 60 days, then Theft can be excluded.At the end of the day, only an agent who can review your current policy can advise on how your policy will respond.

Any advise please.

The sellers don’t want to return the earnest money, creating more problems.If anyone has experience with this, could you advise on legal options?

If that doesn't yield any results, I would advise you to lower your expectations for high leverage. 

Any advise / feedback suggestions would be helpful in the future to safe guard here.