If that happens and hundreds of thousands of people lose their jobs, and congress doesn't enact another foreclosure moratorium (which they won't), then it's possible we see a flood of foreclosures (or pre-foreclosures) hit the market, which would certainly dampen prices.But even so, it would not be anywhere near the number of foreclosures we saw in 2009 (because the housing inventory relative to the population was so much higher back then).

The cash flow was great, so I was trying to take someone's input on if they see value in losing some money for cash flow at the end of the day.

I think I'd lose my mind with the constant phone calls and rent collection while working as a nurse. 

I just can't imagine myself teaching for the next 30 years without losing my sanity... 

Do you guys think I should just terminate the contract, and lose out on my earnest money than lose out on more money?

Since the process can take in many cases more than 30 days to give you a loan this puts the investor at risk of losing a particular property.

Agree, not amazing - we're talking a small purchase with small net flow.The concept of recovery is a whole other topic but remember the investor is not losing the money and therefore it needs recovered.

There are multiple agent/investor here in BP who can help.in Baltimore, you can make a lot of money, and lose a lot of money.

If you choose that lender and they start the process and are unable to get you that rate then you will be the one that has to pay the difference or possibly risk losing the deal if the terms cannot be met. 

Make sure you have some remote via cloud but also out of the reach of the intruder/where they can't unplug the wifi and you lose service.