Further, a broker that “pocketed” a listing instead of advising the seller to place it on MLS and seek a bidding war would be committing a violation of fiduciary responsibility to their client.  

Buying a 2nd Primary Home - You can absolutely buy a second primary home at any time after you fulfill your current commitment. 

This decision can impact your time commitment and the overall profitability of your investment.Location: Focus on areas with strong rental demand, population growth, and good job markets.

But that's what you should be doing as an investor in any all contractual obligations your commiting yourself or entity to.

You seem to be committed to moving forward with it so all I can suggest is to bring this thread back to life in a few years and let everyone know what happened.

The national office market is showing signs of stabilization as major corporate tenants like Bank of America, Fannie Mae, Bain Capital, and Verizon commit to large lease renewals.

I'm not saying you actually violated any laws or committed any human rights violations, but this is exactly why it's vital to have an objective, documented screening process and publish your criteria on every advertisement for the property that you put out there. 

I've done a few flips in the past, which was a huge time commitment & definitely more headache than I cared for.

I guess the point is if you know nothing about these neighborhoods, stay away unless you commit to learning and being hands on.

Things can get hectic down there, but if you're committed to City living, you can't go wrong with River North.