I have yet to hear of a bank exercising the DOS. 

disclaimer : I'm an investor agent / property manager in MilwIf you want someone on your team looking out for your best interest - yesNot required when performing for sale by owner / private sales.

I didn't complete many of my goals (more specific), my real estate goals for 2014 enumerated:Cedric, you are to be commended for writing down your goals, keeping track of them, being accountable to them, and evaluating them in terms of past performance.  

You should not perform any sweat equity, nor should you handle cash flow.

I am now focusing on performing and non-performing note investing.

Eventually, you will have afew buyers who you know are real and can perform and you can call themfirst.Hope this helps.We personally look for 3/2/2 or larger north of Beltway 8 on the southside oftown preferably built after 1978.

I get paid on tenant performance, and if they don't perform, I will evict as quick as possible.

Generally, you will lose the EM if you do not perform per the contract.

Of course, the numbers have to work, and caution must be exercised to not get into financial trouble.

I purchased a quad, a few duplexes, a 14 unit building, and a 10 unit building all with hard money and then later refinanced into bank loans or sold them as performing assets to other investors.