I see a lot of discussions about investing in Austin, TX MSA, in a very hot market - currently with most properties selling 20%-25%+ over asking with nearly all contingencies waived, waiving inspections, cash or with very large down payments, and high earnest money, covering appraisal gap, quick close or close date that seller wants, without lease backs rent, etc. basically an absolute seller market.I’m trying to understand the “investing” perspective of someone buying an “investment” property in these conditions.

THANK YOU for your valuable feedback 1) Because of her medical needs, I've chosen to release her without penalty contingent on exiting the property in the same condition she found it, and to exit by March 1st.

I’m going to see my first potential lead tomorrow and I wanted to know what questions, concerns or contingencies you had for your first property. 

My wife is focused on the “emotional buy”. 3) Would you overpay and waive certain contingencies if buying in a hot market like these cities for a primary?

. ($15k)My question is as follows:If the appraisal comes in well below the purchase price (I have a contingency included to protect my earnest money from a low appraisal), or if for some reason reason the deal falls through and I lose my portion of the non-refundable earnest deposit, can I write it off as a capital loss?

I put in bids for 2/2s in desirable areas/resorts that were expected to gross about 65-70K and it was just insane: people coming in with cash, waiving appraisal contingency or providing gap coverage, etc.

He would have to spend tens of thousands on an attorney or get someone to take his case on a contingency.

If seller of the replacement property accepts my offer now (contingent on the closing of my multifamily), is this a reverse 1031? 

On market for $68,900, and I offered $35,000 cash, no contingencies.

Your purchase is contingent on inspection to verify completion, just like a repair request.If the Seller is unwilling/unable to empty them, then you have to decide if you want to proceed and take that on.