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.

I'm only 23, so I'm sure this experience will be invaluable in my future RE investing career.

(Any Westchester Realtors / Real estate agents here whom can help me in this future sale, likely to be a cash only?)

I will focus on small multifamily properties and single family homes in the short term and possibly trade them in Monopoly boardgame style for a larger apartment complex in the future.

I’m a beginner at real estate investing and i’m Interested in getting started in the near future, by way of buy and hold. 

For two reasons:1) you’ll gain valuable landlord experience which will go a long way with a lender in he future. 2) you’ll build equity which will you can use to leverage future deals. 

In future, it might really pay to consider the benefits of buying/living in a fourplex.Thank you for your service.

Acquiring property management companies these days is a challenge and you will find out that even if you have a large check book, you are essentially buying someone's identity and future (in their eyes).