Most EMDs are non-refundable but there are circumstances that arise where you'd recoup those funds should the deal go sour without going to court; which will cost more than the EMD anyway.

Also, what about when issues arise after they have your deposit?

Self managing requires you to be "on call" 24/7 for any issues that arise and you need to handle them quickly and in the proper way or else your guests will start asking for refunds. 

But the issues will arise per the above by @Garrett Hogan . 

I would not recommend an inspection, let the buyer do it and address the issues that arise

Otherwise stay away from him - and ignore his attempts to get a rise out of you.

Most of the problems arise out of due process, specifically, judges concern over a party being entitle to knowledge of the case being omitted from noticing, thereby having their rights compromised.

Big problems can arise if they're giving - or are construed as giving - legal or financial advice in the course of their classware.3.

I could see a conflict of interest arise if she were to act as the buyer and seller agent at the same time.

Congratulations its really inspiring for me , keep us posted if any news arises