Let's say it's $100.Your contract would declare that, should you should fail to perform, you would forfeit your earnest money.

There are a few different moves on this deal not sure yet if any, maybe try to buy the non performing note.

Either I take it on or the lender does.In short term deals I've performed with an AUD lender, I accepted the risk of currency fluctuation and it was written into the lending contract that they were to receive their base AUD amount plus interest as agreed, regardless of any currency fluctuation.  

You would probably do the best to start in performing mortgage notes where you act as the bank.  

My end buyer could seek specific performance and sue me to deliver title that I don't have. 

A POF shows the ability of a buyer to buy, the ability to perform in the contract as it has been made.

I will say that as a tenant, it was nice to not have to worry about anything, to have the flexibility to up and move to another city when the lease expires, and to have the ability to remain mobile.I don't think it's a stretch to argue that Millennials are less interested in owning property than previous generations.  

If you want to isolate performance down to each rental, you can set them up as separate entities and track income and expenses for each.

I dont know Florida, but in Georgia you've got a 7 day unilateral extension. 

So there's someone with extensive real estate experience and success involved in the business.There’s an initial cash investment into the company that would be shared equally by the 5 partners .