If you put into your contract that you can cancel for any reason whatsoever, without loss of anything on your part, then the contract is a sham contract because there is no reciprocal obligation, no reciprocal consideration.

You take a risk which could result in cancellation of your title insurance and complete loss of your real property without compensation in the event that a title issue regarding your real property arises.Contact your title insurance company to determine coverage and if your policy does cover transfers , and when or how.

You must document the loss you sustain and send the appropriate accounting statement per state laws.  

Does population loss not affect landlords as much as one might guess? 

It will help offset the taxable income from the other properties.....passive losses and passive income.

If not it's honestly just your loss.

I guess did not read the Morris invest threads.. and BRRR for someone who is not in market is a HUGE risk HUGE.. you cant read a book and then become a rehabber from 2k miles away in low end rentals.. the amount of risk of theft and loss far mitigates any potential equity.and one last thought  Joe when you say the risk is the banks  I get that In theory.. but if you default on a bunch of bank loans your toast for the future..

You guys have caused me tons of losses as well to other folks that I have met.

In non-appreciating areas, this leaves you with the unenviable exit strategy of compounding the loss by taking a hit on the sale.  

Selling at 150k would net me a sizeable loss.