If they require something, put it into an escrow account and leave in there.

That would leave me to another question, lets say you buy at market value but the property has great cash flow, would it still be a good investment?

Would it be unethical for me to leave him and close on the property by myself?

If you don't respect your broker, then I would leave and go somewhere else.

Banks see cash out loans as riskier than just paying off someone else' loan.Even if you did a 70% refi based on the purchase value, you would get some of your cash out.Why not just leave it on the HELOC until you have enough seasoning to get back what you need.Had you paid $30K more, you would have established a value of $98K rather than $68K.

Today we have a real snowstorm, just like the ones that made me leave New York.

No sense leaving more potential probs down the road!!

., assuming a $20K assignment fee.However, that leaves your end buyer with a potential profit like $70-100K.

Or Damages the property, and leaves?

Other investors can bid up properties just to make sure you don't come back...they can turn great deals into money losers just to insure their interest as the only ones who get the good deals at auctions.A redemption period gives the previous homeowner a chance to redeem the property after they have been foreclosed...there are typically redemption periods with IRS seizures...judicial foreclosures...and, as the new owner, you do not have posessory right during the redemption period...but this is where it gets a little complicated...the tax stuff is extremely complicated and confusing..most investors won't concentrate too much on it...which some might argue leaves it open for some money to be made if you have the right resources and know the ins/outs of all the rules and laws.