If due diligence is ending and you are undecided it's better to send a letter of termination then let a contingency pass and be in a bad situation having to perform on a contract. 

If the numbers are right now, and you have a long time horizon, would you kick yourself later if you passed on it?  

Also as a realtor, is their a sense of bravado because you passed a test and have access to MLS?

DC just passed some initial laws on it, but they're still not really well defined.

As time passed, the books and CD's collected dust and were eventually stored and we both went on about our lives. 

My contracts have those, I get penalized if the contract is 90 days and I pass it, liquidated damages.

If a neighborhood kid sneaks in for a swim and is injured, the owner could be liable, even if the kid was trespassing.I wouldn't pass on the property just because it has a pool.

I am only passingly familiar with 1031 exchanges but my thought was that if you want to to do a 1031 you would have to buy a property(s) worth the same or more.  

Just an FYI, the foreclosure wave has passed.

HI how are you guys, I just passed my real estate test for NYC I'm looking for a firm to start with, if anybody here is an agent please hit me up I'm looking forward to start with a great company.