Depends on the state, and depends on your relation to the TC.

If you have questions related to these markets, please feel free to reach out.

I see your situation as different from situations where a rent payment made by a personal check that got lost in the mail, because in that situation, the tenant can simply cancel the prior check and issue a new one to you.

Even with the 90% LTC, I still needed to come up with nearly 20k to get into a 75k property after fees and insurance and all that junk, plus since the rehab draws are reimbursements, I needed to come up with the initial 10k for the first draw myself, so that's 30k of liquidity needed for a relatively cheap property. 

I feel like my thoughts are scattered and need to speak to someone that can lead me in the right direction.Thank you for your time Arianna Hey Arianna, totally can relate with you being from an expensive real estate market - I moved to Columbus a few years ago (from Portland, Oregon which was super expensive) to become a full time real estate investor, and ever since, I've completed quite a lot of BRRRRs, flips, and own a successful rental portfolio here in Columbus Ohio.

@Tim Porsche - disclaimer - I know nothing about Pennsylvania real estate law.That said, I don't see any recourse for you here on this issue, as they would likely argue that you had a chance to do your due diligence before writing the offer and/or could have written a due diligence period into the contract and chose not to.  

My first recommendation is to have a relatively clear idea of what your goals are.

Specifically, as it relates to multifamily, in Hypersupply you start to become liquid.

What sort of issues could I have by taking over the mortgage and renting the property out with the lender3.

I found this on TREC and sent to my current broker, but they still will not post open house on the MLS: https://www.trec.texas.gov/agency-information/rules-and-laws/trec-rules§535.4 License Required(g) Unless otherwise exempted by §535.5 of this chapter (relating to License Not Required) and §1101.355(d) of the Act, a business entity owned by a broker or sales agent which receives compensation on behalf of the license holder must be licensed as a broker under the Act.§535.5 License Not Required( c ) A real estate license is not required for an individual employed by a business entity for the purpose of buying, selling, or leasing real property for the entity.