The max purchase amount will be contingent upon the specifics of the deal and the position of the market at time of evaluation.

Make an offer with an inspection contingency that allows you to rescind the offer for any reason.

Deals *can* be structured so the sale of your old property is contingent on acquiring the new one, and the purchase of the new one is contingent on selling the old one.  

If you're under contract for a home and you have a specific closing date or contingency periods, it's going to be a more stressful process if you're constantly worrying about missing deadlines or don't have good communication with the lender.  

You could get into a situation if you don't make sure your Due Diligence wording and contingencies aren't accounted for in order for you to back out of a deal should you not find an investor to buy it from you.

Under 15k with a 10% contingency.

In my research of turn key companies, I had never come across this as a contingency in the contract. 

This is essentially the same place @Edward Rhoads got to, except he included $15k of contingency, which is smart. 

We agreed on a $484k purchase price with a 30-day close and no silly contingencies.  

My lendor told me that i will be approved as soon as that happens and then i am good to go.I understand that going to the meeting with the current owner is contingent upon him agreeing to my initial verbal offer, otherwise whats the pointThoughts/ opinions / advice