Depending on the precise language in the second purchase agreement, the end buyer's EMD may or may not be used to replace the original EMD.For most investors, there would be no fees charged on a deal that doesn't close. 

We had very good W2 jobs back then, but both my wife and I know co-workers who actually live in Philadelphia and work in NYC precisely because the houses there are so reasonable.

We’ve had luck with organic infill in precisely one park, where local home prices were $500k+ and median income is $94k.

You have to include this if you are assuming the $80K was invested in example 2)$600K (total cash at the end of 30 years)Tenant buys ($20K paid):$100K (property value)$150K (cash flow $5K per year for 30 years)$350K (principal plus interest from investing the $80K at 5% - so the number includes the original $80K)$600K (total cash at the end of 30 years)These are not precise numbers, but essentially you end up with similar outcome, because you are reinvesting the "initial cash difference of $80K" or the "added yearly cash flow of $5K" at the same interest rate. 

That is precisely why we have build the customizable fund model at Avestor where people can invest lower amounts per deal within the infrastructure of a fund and still pick which deals they want and get a single K-1 

The famous 2008 memo largely deals with situations where an assignment may constitute a taxable event.Dealing with that issue really depends on the precise situation.

We practice very precise movements in the arts.

As long as I clear my minimum threshold, I am happy, but I am sure there is certainly a better, more precise, and formal way of making the determination.  

So, yeah, that is precisely the case. 

But the exact reason I joined eXp was for this precise reason: to have the flexibility to train, get support, get mentorship, and work on real estate outside of my day job.