—as security for a loan, the borrower has a contingent liability.

We got a guy here in Cbus/cleveland who fancies himself something of a youtube star, his listings tend to sit for a long time because they are overpriced, his rent projections are generally pretty high and not reality, and he generally doesn't accept offers with inspection contingencies. 

So if you’re past the inspection or due diligence contingency period, check with your agent or attorney before deciding as that may not be a reason to exit without being in default.

If I make an offer which is contingent upon satisfactory appraisal and inspection, what happens if the appraisal value is lower than what I offered.?

Especially in real estate where contingencies come up that even the most seasoned of real estate investors don't expect?

We're still seeing lucrative deals receive multiple offers from competitive buyers who are willing to waive their contingencies.

The inclusion of additional units could potentially increase my qualification for higher-priced homes, contingent on the rental income they generate. 

You will likely have personal guarantees, but those are contingent liabilities to you and not show when you are applying for personal credit.

Not putting the right contingencies in their offer to protect themselves.4.

The response rate was great, and we ended up finding an older lady who was moving to a senior living facility and wanted to sell the house as-is with no contingencies.