Please share why it is important to look at each area because I think sometimes new investors fail to see the importance of such things as location, condition, demographics, books and records, market saturation, supply & demand, cost of repairs, what to inspect, etc.

That way, if the caulk fails, it shouldn't wick up any water spilled on the floor.

Is that a better idea than to help prop up some of our own states that are failing?

And if you say "let them all fail" what do you think the ramifications would have been if we did?

If your business plan relies on 100% occupancy you're doomed to fail.

Of course, that's exactly why the vast majority of newbies fail in a short period of time.

The bank is not going to allow two escrows as you describe.I would suspect there is a missing piece here somewhere, like a cancellation notice.Did your buyer fail to meet any contingencies?

Any major university with a real estate program is going to give you a solid foundation, particularly in the area of real estate finance, where most other people seem to fail.

The "gurus" like to talk about income - not expenses; and failing to understand this issue is the NUMBER ONE REASON NEWBIES FAIL!

Be prepared that if you do get the offer accepted and fail to find a buyer and back out of the contract, you will damage your relationship with the Realtor as well.