Con - lose any possible property appreciation over the next two years.

Even with 10% down you’re “hoping” that’s all you lose if it all goes wrong. 

The opportunity cost of losing potential market gains in your retirement fund should also be considered.

Im only charging $700 but I could easily get $1000 maybe $1100 considering what other places are going for and my place is nicer, and is in a quieter neighborhood, and has a yard, etc.

With the equity you’d free up, paying off $50k in personal debt and boosting your credit score while freeing up $3k/month sounds like it could significantly lower your stress and open doors for future projects.That said, selling means you’d lose a cash-flowing asset, even if it’s not huge.

if it is unsecured loan that is the consequence, you lose they entire thing. as far as tax write off, sorry but none.

Meaning that if you fund a $5K EMD and then decide not to close you lose the EMD, or you pay for an inspection up front and risk missing out on the deal while you're waiting for the report.

- Land Contract would be better:)Question: how are you going to lose $2500/month if you rent?

But in smart buying, if someone has enough cash to pay cash for a property, they could easily stash a good chunk of that away to cover downed months and still leverage to increase the overall returns on their portfolio.

Hope you don't put down large earnest money deposits... these guys will make sure you lose them!