The complex is very tight quarters with the 1 bedrooms only being 600sqft it is almost like a motel style on the exterior, which also makes me nervous what type of tenant I will get.

I think single-family is great for starting, but just know you have a bit more competition in this market since inventory is so tight.

Since I am the owner, by default will they charge me or can I call and ask for discontinued service after delivering notice to cease with deadline to pay?

However even once they do provide earnest money, if there are any contingencies in the offer like inspection, financing, appraisal, due diligence, HOA doc review, etc. then they can get out based on those contingencies and still get their earnest money back, providing they back out within the contingency deadline.

If you have the funds to pay for the renovations on the new flip without the HELOC then I'd keep the house, rent it out, and use it as a sort of "fall out shelter" in the event money got tight or the economy goes haywire and I need a place to live without worrying about a mortgage or rentIf you need the HELOC to finance the renovations on the new flip then I'd definitely take use those funds to renovate the property to sell.

Sellers sent us a demand to close on March 15th and gave us the deadline to complete the closing on March 18th.

It seems like every listing agent here receives their first offer in hand then sets a deadline at the start of the new week.

Give them a hard deadline to pay in full (30 days should be sufficient).

I do know that most TX counties follow a deadline of protest May 15 or 30 days after notice is issued, whichever is later.

I do have a rough idea of the area where I would be interested purchasing a SFH, but the numbers seem like a tight fit.