It seems like the answer should automatically be, "Yes, give me my deposit back and terminate the contract for this money pit!" If your gut tells you to back out during the inspection contingency period, then do so...
When I first started in real estate investing over 15 years ago, I believed that I needed a special “investor contract” to make offers on properties. My intention was to have the perfect contract template filled with tons of clauses that were favorable to me (and unfavorable to the...
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