We are out of the due diligence period and I had an inspection done with the intent to move forward on changes for the house during the due diligence period.However, due to the Coronavirus, I have fear that this deal is not a valuable investment and I have decided that I want out of the deal. the sellers attorney is asking me for my earnest money.

https://www.culleyenviro.com/mold-inspection-service-in-crowley-texas/

My advice is to go over to the place and post two notices, one notice being a 3 Day Pay Rent or Quit and a notice of inspection.

However, how about inspection and appraisal? 

The second was cancelled because big $ work was found during the inspection that we couldn't get the price reduced to cover.

It has a well and septic but unsure on last inspection as of now.

I have to get all the inspections and COs completed - my Dad and I did alot of work to the interior that never was inspected.           

Andrew Carnegie when asked about inspections and such, fully embraced them. 

Is it normal for commercial lenders, particular alternative funding firms, to require a non refundable deposit for appraisals, inspections and multi phase studies?  

It’s been a challenging time to get sellers and buyers to come to agreement not only on pricing but also things like inspection objection items, so we’re definitely seeing more deals in the multifamily space falling out of contract.