But just in case, for some reason, you can't close, you want to be able to get out of the contract with little to no pain.

Now that I'm not currently licensed, it's been a pain just trying to get info on properties.  

I might have to pass a few grand his way to ease the pain.

However, this is a royal pain and waste of time for a real estate agent. 

One person's pain is another investor's gain.

I have had a roofing company for more than ten years (Hint  Hint lol), my graduate studies were in psychology ( I know sounds weird).

They are very picky on inspections and there rental inspections every time you re-rent can be very painful.  

I would consider human psychology in this decision.  

Back to the panic mode noted in #1 above: I will leave an apartment empty before I rent to the wrong person...it took me a while to figure that out but now we never vary from that axiom...it is far cheaper to leave it empty then go through the pain and agony of a tenant who destroys the place or for whom rent payments are a low priority...if you are cash poor you may feel forced to rent when you may not have the right candidate...make sure you have enough cash to NOT DO THAT.5.

On Saturday my manager told me that one of my tenants is leaving, and it is my least favorite property in a neighborhood I wouldn't buy now, so I told him to list it.Once I got over the psychological barrier of selling a house, I'm wishing I could sell two others, but we just got tenants in those two in August and early September.