The chances of your getting sued and losing more than a standard policy covers is slim to zero.

I understand if they are good they are busy, but I have lost one property so far and don’t want to lose another one.

Buyers still need to comply by their financing contingency terms, have an appraisal and structural inspection within the specified timeframes, etc. and could lose all of the money they put into those things, not to mention they're tying themselves up with a house that may not get sold to them.

Don't do a HELOC for long term just to have the tenant pay it off, that loses the advantages of HELOCs -fast cash, available any time, but floating/higher interest rates- Also, most won't give you a HELOC on a non-owner-occupied home.

Just know you could lose money if the market tanks between now and then. 

The sale price is such that we could sell in some weeks and not lose any of our investment in the purchase. 

Just to add...I'm fixing/flip in highly competitive Tampa Bay(Pasco/Pinellas) and one thing I've done that has shed light on what's happening when losing offers is that I've been keeping track of of each property from my offer to the actual sale.

I also know that I am in a tenant-friendly state and city, and even if I am in the right to charge them, I might still lose if they pursue it.

I’m losing my mind.

@Colleen F.Hey Colleen, it’s funny we went with the $200 pet fee to discourage dogs because we wanted to be able to say all our units were dog friendly but 16 people and 8 dogs is a lot of bodies for one lot “We allow 2 dogs per guest”.