I quickly learned that just because I signed a term sheet doesn't mean it's set in stone.

Mortgage brokers are probably the most critical and least celebrated component to any RE transaction utilizing third party financing.

Some wholesalers may work with sellers for months or even years before a contract is ever signed.2.

I think you need to read the contract you signed and the seller's disclosures you received to see if there are any apparent misrepresentations. 

a local marketing guru who would frequently meet with us to discuss various business strategies to help grow our detail company heard about the offer. at the time he found out about it the current carwash owners had all but signed an LOI with an out of state private equity firm but were willing to sit down with us and hear our offer!

The indicators that I will highlighting are total vacancies and total inquires.An ExplanationForgive me if this is elementary to some of you but it is necessary to explain for a better understanding.There is a direct correlation between the number of vacancies one has and the amount of inquiries, showings, applications, and ultimately signed leases that one receives.

Regarding turnover: This depends on whether you have them sign a 1-yr. lease, Semester lease, 10-month lease, etc.

They had signed the lease, but I had held off signing until they paid the upfront move-in costs. 

@Bob Beach @Luca Giani had some great post below on what to look out for when evaluating PM or just heads up on things to double check with PMs before signing on.Post: Property Management IssuePost: Property Managers, Red Flags?

This market is so volatile, one minute something is available and the next its sold and the closing documents are signed.