At minimum, even if they don't have an update, keep a line of communication open with your buyers.

I just wrote an offer for full asking price at 30 day close, with a contingency to extent at BUYERS choice for 30 more days if I don't get an favorable response on the electricity install costs.

We've had guests do exactly that.We do not advertise any of these supplies until our check-in instructions welcome them to use the pantry, and let this be a pleasant surprise to people when they arrive.In theory a guest could clear us out but nobody ever has. 

Our efficient project management and marketing highlighted the home’s transformation, attracting buyers quickly.

Cause my biggest issue with finding BRRRR deals is like I mentioned above, if I put in inspection contingencies, my offer is not strong enough and the seller picks any of the other 5 buyers that have no inspection contingency. 

You are unlikely to sell all the properties to one buyer.

Josh its usually the buyers agent who sends the mutual release when the buyer wants to cancel not the listing agent..

Kind of like a buyer broker I did not have to worry about them going around me extra.

If you buy it too low, in some jurisdictions they will call it "equity skimming" which is illegal.It can be very profitable, I've done many, but you really need to know what you are doing. on pre foreclosures on the West coast if you happen to do them legally .. the old owner is due 80% of the profit if you sell within 36 months.. so there is that.. but if your buying pre foreclosure for long term hold and wait out the 36 months then your fine. the reality these days is post GFC lenders/ banks/ servicers have realize that working with the buyer to reinstate recast redo the loans is far better than taking it all the way to foreclosure so your correct its usually the worse houses that make it all the way to the end and go to sale.thats why if you follow NODs  Notice of defaults or whatever they are call in your state. you see so many postponements and or removed or paid off etc.. so you hone in on one property do all this work only to have it not go  to sale  rarely are you going to buy a home that you really want LOL

He didn't even do an assumption here...with an assumption the lender knows the property is being conveyed and the new buyer is assuming the existing mortgage which is a lot less risky for both the buyer and the seller.