Although some specifics can vary state to state, in most cases, you can legally back out of a contract.

You may find value in joining market specific fb groups. 

Whats the general price/rehab budget and location on this one?

Certain judges at specific courts are known to be more tenant-friendly then they should be!

Must have a specific scope of work. 

Are there important considerations for having a manager managed LLC (as the only manager) vs a single member LLC specific to 1) real estate buying and holding,  2) for tax filing (E.g., as a disregarded entity) or 3) for how you represent your LLC (e.g., what title you can use to sign off) if you have a manager managed LLC as the only manager vs having a single member LLC?

If/when you get a bad/young/ahole Inspector, you have little choice but to go over their heads...usually the Head Building Inspector will do, but once I had to call the City Manager.Generally speaking, an Inspector cannot look at anything except the items that are on that specific permit and are due to be inspected that day...

Ultimately, the decision to purchase now or wait depends on your financial goals, risk tolerance, and the specific opportunities you’re considering and every situation is unique, so what works for one person may not be the best for another.

Not much of a value on small budgets, but if you start contracting well into the six figures and higher with the holding entity, it’s real money.

Possibly LTR your ADU and STR the main unit.Or if you're in City of, and have the budget.