Deals fall out all the time and there are always risks that the end buyer's bank will pull out, leaving you on the hook with a house and a transactional loan.

I am considering purchasing a 11 unit. The building seems solid with a great rental history and solid tenants. My only concern is the person is asking for a little more than the assessed value of the property, wh...

It is very easy to get snookered into buying something that you'll hope a meteor falls on next year and allows you to collect on insurance.

How much do you think the real estate market will fall when it happens?

I tend to fall in the camp that @Joe Villeneuve is in.

Is that normal to put in an offer to tie up a property like that for 2 months, with no real skin in the game, assuming he can just get his earnest money back and back out a week before closing if his financing falls through?  

I'd always prefer fewer high quality, low maintenance tenants over the kind of tenant you'd get in areas like Fall River or New Bedford.

@Jeffrey Townsend@Clair Robinson@Troy GandeeI organized an "Investor's Happy Hour" in the fall of 2015 and 30 local investors and realtors attended.  

The best learning I've done is by joining groups of like minded individuals and reading forums which share experience and successes and fallings such as this one.

MEP aside, I do think someone should have a heads up before entering a structure that the structure is potentially going to fall down on their heads.