walking away from a deal
I'm new to investing...I have a property under contract, inspection has been done, and my financing is in process. I've asked the seller to fix several items in the home. I'm still about a month away from closing. I'm getting cold feet. It's my first rental property, I'm wondering whether I'll be able to rent it out. I do have funds to pay mortgage if the place sits vacant for a few months, but not sure I want to do that. My question is whether I can back out or not? If the seller fixes everything on the inspection report, can I still walk away? Am I obligated to close if my reason for backing out is simply 'cold feet'???