I have since learned that, while the area my property is in is really OK, there are other areas in town that are a lot dodgier than my google investigations and initial drive  around town revealed. 3) bad property management.

After I remove the appraisal and home inspection contingencies (assuming the house appraised for the value I'm paying and the home inspection didn't reveal any surprises), I have the title company order the title report (I would have already pulled a title profile on the property as part of my due diligence).In CA we use a standard California Purchase Agreement and Joint Escrow Instructions provided by the California Association of REALTORS(R), Inc. 

Our offer was accepted , but the home inspection revealed some cracks on the outside wall.  

I needed the tax write off.Further digging also revealed that most did not understand the expenses that go with real estate ownership, (Management, Vacancy, Repairs, Maintenance, etc), and they all significantly underestimated what it would cost, and/or how long it would take to do it themselves. 

I can't wait to reveal our fix and flip story on BP!

This is why when we sell our properties we must reveal that we're a licensed Real Estate Agent.

If someone sues you and goes to court there is a chance the judge will have the Corp to reveal the owners.Joe Gore

If you can get that conversation going you may be able to get the agent to reveal their real need to sell.You will have a difficult time in getting the realtor to have their sellers agree to this type of transaction due to the risk it poses to their client's credit and the due on sale.

And lots of times the dropped bid is revealed right before the sale.

The initial walk through revealed minor cosmetic repairs are needed and was after a HARD lengthy rain of a day or two.