Why chance it.Just keep reading, saving, researching your target area.

Yes, another offer may be on the table, but any good realtor will give you a chance to counter.

On the other hand, DFW doesn't show a lot of signs of slowing down (from what I've read), so there's a chance you could get something on appreciation, but relying on that is risky.

If you want to flip, it's maybe not the best city, but our inventory is so low, there's a very good chance of sustained appreciation.

Unless there was a massive issue I would say express concern now and give him the chance before asking about suing a week before he is scheduled to finish.

It will never JUST be painting and flooring.Don't give contractors second chances.

If you're looking in the 20-75 unit range you could handwrite or call owners since there's a better chance of them being a mom and pop. 

Chances of you getting someone who is very good, quick, and cheap isn't going to happen. 

Will that affect my chances of getting the loan and if so how can I get around that?

And I can see what you and @Theresa Harris are saying, the houses are being swapped with people wanting their chance at living near a big city, I guess I just don't see it as a sustainable trend.