Right--from what I've heard, technically there is no inspection period for investors, although you can back out and forfeit your $500 if you don't want to (or can't) close.

I would consider the deposit forfeited.

For example, I ran across a good prospect multi-unit lately but the seller (LLC) has been forfeited by the state (for non-payment of personal property taxes by the LLC each year) and now would need to clean that up and reinstate prior to any sale.

Technically you're deposit is forfeited but as a practical matter it is VERY TOUGH for the seller to get your money in california.

There are simply too many good loan products around to use to eliminate your refinance risk and the marginal yield you forfeit to the lender for this surety is well worth the price of admission.

The way it's written, if you don't finance the purchase/rehab on the front end, you forfeit the right to deduct interest on that property for any new refinance proceeds you get in the future on that property.

You are hoping that someone will forfeit their $120,000 of equity?

I sweetened a bit by adding a return of $50/month of the rent applied toward the purchase if it takes place within the 2 years.The caveat is if you do not exercise the option it expired and you forfeit the $2000.

The misapplication of escrow accounts or escrowed funds by a licensened property manager can be grounds for the suspension or revocation of thier license.Which means, it ain't your money to spend until the deposit is forfeited as agreed by contract and as allowed by state law :)

I agree with the others, the EM gets forfeited by the buyer if they walk.