Out of not wanting to prove that In court, I would probably return their earnest money but with a standard RE contract, you would be entitled to keep their EM.

If not, yes wait to see if they have a delay issue and need to postpone, then you can get out with your EM back.  

I didn't see a proper web site so linked to Yelp...and thanks! 

Hi, I'm Melissa Warnock, and just stumbled on this site. I've been investing in real estate since 2004, but now I'm ready to invest more seriously. I like to buy and hold in my hometown of Draper, Utah.

The EM and time to close is flexible, lender specific and determined by the individual asset manager. 

@Glen BarlowWelcome to the best REI community on the web!!

(Hint hint if any web developer types are out there.

Don't put more than $100 EM on this wholesale deal considering that you have associate marketing cost.

I have spent the last 2 months reading every real estate investing book I can get my hands on and searching the web for any and all information on the subject.

Hmmm....the first things that come to mind are:1) Networking with other local investors (perhaps at local REIA meetings)2) Driving 4 Dollars (locate distressed/vacant properties and send a note/letter to the owner)3) BP Search Platform option (There are several search results with ideas)4) Bandit Signs (Be aware of local sign ordinances though) 5) Lead Generation Web/Splash/Squeeze Pages6) Free Classifieds (Craigslist, ect)7) Social Media (Facebook, Twitter, Fivver, ect)8) FSBO and/or Expired listings9) Local Probate listings ***Be very careful/understanding of the nature of any contact with owners as they've experienced a loss***