They can't retrieve the money, At least with a check you have proof the payment was sent and can present that to the bank for "cash".For protection, keep a bunch of currency on hand, don't use a bank's "safe deposit box" (they won't let you in when there is a crisis), keep plenty of food at home.

I would tell folks at the time with 30k brand new homes that Lehigh was probably one of the cheapest places in US if not the world to live everything considered US medical and fire and police etc etc and no state income tax.So here we are today de ja vu all over again with hundreds of investors stuck with half built houses and a the vast majority of all these were spec for rental purposes not to live in..

So you need some tangible experience + very quality deal + communication skills to present to the investors.

This Meadowbrook Dr SE property presented an excellent opportunity due to its favorable location and untapped potential.

The currently available PPR Note Fund (DE) invests in 1st and 2nd mortgages, performing and re-performing. 

Time is critical, especially in competitive markets.Clear Offer Terms - Present a firm offer with terms that make the seller feel confident that you can close fast, with minimal contingencies or proof of funds.Due Diligence Preparation - Have your financing lined up and know your repair/rehab costs in advance so you can move quickly without second-guessing.

Though I am a small time landlord at present, I would like to develop a system for this move-out business.  

Concerning pricing, we are presently looking at 98.5% from list price to sales price.

Starting out in a high-cost-of-living area can be challenging, but it also presents unique opportunities if approached strategically.

You did a nice job with your presentation overall but you are going to be fortunate to get $600-700k for everything.