I think this ties in well with Tom Stanley's Out Patient care theory, that the more money / cash gifts that the adult child receives from his / her wealthy parents, the less likely he or she will be economically productive and financially independent as an adult.

Last thing you want to do is tie up your time and resources into something that runs afoul with the city.

This also ties back into our dates.

My concern is that they won't give me the loan when we are all said and done and I will have my cash tied up in this house.

I do these types of deals when I don't want to tie up a ton of cash or I am not really thrilled about X price but willing to put a property out there and see if it sells.Hope that helps!

The reality is either side can try and tie up EM in courts with attorneys if each side backs out so a settlement is usually reached to end the contract etc.The other buyer agreeing to 7 day inspection for non-refundable is very strong.

I am not generally a fan of having my equity tied up in a property, even if I don't need it now, there are plenty of other places for me to put it and earn money with it, principal protected and having it available when I do need it.

So I came to the realization I didn't want to invest into a property in that area that would tie me there or cause me to return to it.While I was coming to this realization, I was also forming a new goal outside of real estate investing and that was traveling.My new goal is to use the money I was putting towards a down payment of a property towards traveling abroad for a year or so.

And then some other fees are tied to the type of loan.

I'm tied down with 5 young children and a mortgage.