RthimThe Father, mother, son, or daughter, who are limited in their ability to perform like machines, are forgotten beneath the mountains of money, that obscure the realities of their suffering.

Management is probably the weakest link that causes inexpensive OOS properties to fail IMO, combined with just not enough room for error with low rents (one bad tenant, expensive turnover, extended vacancy or unexpected Capex issue can devour several years of cash flow and be hard to recover from whereas with higher priced properties fetching higher rents they have enough net to cover expenses over time, allowing some wiggle room when something goes wrong which is inherent with owning rentals).

Get as much time for the hundred as possible 30, 60, 90+ days then make the deal extendable for an additional more substantial deposit for another X number of days.Now here is the reason you will make money.

The down side is you suffer quite a lot, though learn immensely, in the process.

Few of the people that I have to initially flip it too are not RE investors but they suffer from FOMO (fear of missing out). 

I lived in Iowa for 25 years and my extended family still lives there. 

Assuming the current restrictions aren't extended, then I or my lawyer get to file in January 2021, along with all the other cases that have been building up for the past few months. 

We had to extend the closing 3 times due to Covid delays and this was frustrating for all of us.Yet like all good things, just keep going until you get to your goal.  

If you think there's something in the future that would negatively affect rentals (i.e. eviction moratorium extended, new rental laws, different President, housing market crash, etc.) then look for deals that can withstand that temporary setback.If you purchase appropriately, rentals should be able to easily handle a downturn.

Nathan,It just sounds to me like you're just suffering from a little buyer's remorse.