A seller, whether a builder or individual, can sue you for one of two things....either specific performance to fulfill your contract terms, or for damages for the delta between your contract price and the eventual sales price plus other associated damages. 

Try to make it worth their time but also understand it’s not a difficult task.

Keep in mind if you buy something that needs rehab your vacancy on the front end (or the rent from not updated units) will lead to a dip in performance on the front end until you get the units in good shape and get top of market rents. 

Multifamily real estate is one of the most stable, best performing, and best cash-flow producing investments available.

Multifamily real estate is one of the most stable, best performing, and best cash-flow producing investments available.

They would have to transfer that loan on their own balance sheets to a non-performing asset.  

PRO - everyone has a specific task and they can handle more volume.

A hydrostatic plumbing test is recommended to be performed by a licensed plumber post Foundation work.

In any business there are certain tasks that can be delegated to allow you to focus more on business critical/revenue generating activities.

Single-family home sales jumped 14.3 percent year-over-year, with 4,699 units sold, marking the seventh consecutive month of positive sales;Days on Market (DOM) for single-family homes extended slightly from 66 to 68 days;Total property sales surged 15.2 percent, with 5,800 units sold;Total dollar volume rose 17.1 percent to about $1.6 billion;The single-family home median price increased 4.5 percent to $234,000, reaching a January high;The single-family home average price climbed 4.6 percent to a January high of $291,034;Single-family homes months of inventory was at a 3.5-months supply, down fractionally from 3.6 months last January but above the national inventory level of 3.0 months;Townhome/condominium sales jumped for a second straight month – up 20.9 percent, with the average price down 3.5 percent to $186,582 and the median price down 5.2 percent to $149,750;Lease properties experienced a strong performance, as single-family home rentals climbed 14.5 percent with the average rent up 1.7 percent to $1,782;Volume of townhome/condominium leases rose 5.6 percent with the average rent up 5.9 percent to $1,598.