Since this is ultimately what I want to have for the future.

Are you looking for immediate cash flow, cash flow in the future or equity/appreciation?

It diversifies you (personally), gives you some multifamily experience (for a future syndication), and a 10-12 unit property doesn’t have to be a massive time-sink (ie distraction).

I'm slacking up a bit on my business, but after giving it 110% for over a decade, it feels good to not really care about future growth of it, but rather just servicing the good customers I have. 

hello future friends,Me and my partner have started our journey in real estate investing and we have come across what looks like a great potential cash flowing property.

I generally have done most repairs personally on reno's, but looking to start a relationship with a handyman or contractor to work on this house and more in the future.

Network and hopefully in the future be a guest at the bigger pockets podcast and Inspire others like you guys do it on a daily basis. 

Also located near a local university so should have plenty of future tenants.

That's WAY more expensive.There are real damages here, however:Holding costs during the period under contractTime costs for work put into contractA possible future price reduction on upcoming offers after the property is re-listedI believe it's far better to find an amicable deduction from the earnest money based on those above items.

It's also an opportunity for the agent to get exposure with potential future clients.