Purchase price: $400,000 Cash invested: $25,000The property is a SFR with a walk-out basement that we Airbnb to allow us to live for free!

Some people will walk straight through them and it is too late by the time the police respond to a call for it. 

He walked away I finished paying off the mortgage.

He walked away I finished paying off the mortgage.

Miyagi: "Walk left side road, safe.

Option 2 is they pay the equivalent of 2 months rent, which is usually 1 month and the deposit assuming no/minimal damages, and they walk away with clean hands and it's not their problem how long it takes us to re-rent.

To give you an example, we walked every 5th unit at an 800 unit property, but only took notes on paper and used excel to track and estimate costs.

For example if I offer $400,000 for a property with 25% down I have to have $100,000 in cash + closing costs, but lets say it appraises at $375,000 I now need to cover 25% of $375,000 or $93,750 + $25,000 difference of what I offered over appraisal which comes out to $118,750 + closing costs.When you have an appraisal contingency you have the right to walk away when the property doesn't appraise, or negotiate with the seller if they are willing (maybe meet halfway or they reduce all the way).

With the current market I could potentially sell and walk away with around 40k after closing and I would have to pay capital gains on this house (sold a CA house earlier this year). 

so worse case is you walk from your EM if you dont like the final price.