Having that resource is invaluable.  

I remember before I got involved in real estate I used the podcast to collect as many ideas as possible, but when the time actually came I had serious planning to do. 

Going to be hard to fix that water heater or get unit rent ready and pay the mortgage and then go through extended vacancy during the holiday........ and even harder if you don't have the resources to pull through.

This would produce a much lower top line revenue but my net profit would be potentially higher because I am capturing a high percentage of the rent collected.

I don't know the PA laws with what you are allowed to collect and what you are not, but think about it in terms of buying a property.  

When you use and agent the earnest money is generally collected by the buy side broker and then deducted from their proceeds at signing.

I currently have 1 rental in NE TN and am looking to get into the market and start collecting rentals in the Atlanta area.

If the sponsor is good and the deal is good, worst case you ride out a market cycle and collect some cash flow while you wait longer than planned for your capital back.

@Christopher Winkler My understanding is that if you don't file a POC before the deadline, your debt is not included in the payment plan but your debt continues to exist and collect interest.

If you want to keep it simple, I would suggest just wholesale it to your buyer and collect an assignment fee.