If the house closes, the homeowner walks away with the money.

It is in a desirable neighborhood and walking distance to dining and shopping.

With that base you should be able to decide for yourself what will fit your entry level property or investment.What I'm saying is that this business has so many facets it's impossible for one to advise you with the given information.The encouraging part is......It's for you!

If, after running the numbers, I felt there was enough of a cushion to handle unexpected occurrences AND walk away with a healthy profit (I would say $20k minimum clear) then I wouldv'e considered it.

I walk away from a few thousand dollars a year in Earnest Money with HUD.

This one fits the bill.

@Ede JerminWelcome.Check out the Start Here page http://www.biggerpockets.com/starthereCheck out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

Flippantly walking away isn't going to be as sexy as it has been in the past.

Never be afraid to walk away from a deal, even your first2.

Residential Assisted Living (RAL) is taking off NOW.Self-Storage has and continues to grow, a side effect of more people renting multifamily rather than buying homes.Multifamily value-add continues to soar due to demand also by millenials and empty-nesters seeking less work on the house and more flexibility to spend money on travel and exeriences rather than stuff that chains them down. for us RE "investors" it's the ticket to syndication, scalability and leverage.New multifamily buildings with modern concepts with mixed-use living (offices/co-working spaces, fooderies, mixed age and walking distance living with innovative rentable electric scooters, bikes, car chargers, and light rails) all in one beautifully assembled arrangement is what attracts 12000!