And don’t go to college just because it’s a free ride.

Corrections occur regularly and you simply have to be prepared to ride them out.

Thanks for your replies.This is in Austin,TX region where I am told putting 2% as Earnest money (400K * 2% = $8K) is quite common to show the buyer is serious... and also Inspection-waiver clause is something that I have known few friends have done to win an offer.With the several hail storms over the years in that region, @Theresa Harris, @Jaron Walling There are no current leaks, but 3 separate roof contractors have suggested to replace the roof immediately (all of them could be biased)...

I’m not a big fan of the practice but if it is cheaper than riding things out it is a good business decision.  

They are likely to drive up values and you can enjoy the ride up with them.

Even if the property doesn't appraise for 160k, I'll only have to owe a little bit to pay off the note and mortgage.Been a crazy ride, here's to getting more deals done!!

DSCR is riding a huge wave right now as Fannie/Freddie limit lender portfolios to 7% total on investor and second homes, raising rates and fees and making the hassle of a conventional loan almost absurd compared to the ease of a non-qm DSCR loan.Stephanie

We also were able to put a new roof on the house on our insurance's dime due a hail storm that came into the area.

I've heard of people using the metaphor: "Riding a plane before learning to fly it."

Enjoy the ride along the way.