It would be odd/silly for this contingency to run all the way up until the closing date, but I don’t know how you guys do things there.At the least, I’d communicate with the sellers letting them know the sale of your house has fallen through and it seems highly unlikely you’d procure another buyer and close by your contract date....doing a mutual release now would be beneficial to the seller so they can get their house back on the market.

:)  (Both in Walton High district) My thoughts have just started to turn to the investor mindset over the past 5 years now....and I am hooked! 

Any advise on this would be highly appreciated.

Just some food for thought.Wish you much luck on your journey!

Seems highly risky for a first investment but those numbers are pretty low for a 4.

@Adrian Moreno I highly recommend you outsource something that's simple and time consuming like this.

I haven't done my first deal yet, so I'm probably not the very best to shed some light, but I'd highly recommend joining the Wisco REIA.

UPDATE.I got an unsecured personal loan with a very high interest rate(18%) and paid over $1000 in fees.

The high-priced rentals will drop when the market turns and people can no longer afford the luxurious.

Layering that on top of a heavy deal flow may become problematic if the syndicator is highly active in networking with potential investors.