------------------------------------------I can not emphasize enough that we do this only after a tenant has notified us of a possible issue with payment related to COVID-19.

Everything above...and I want to emphasize the fact that the seller will have a hard time selling this if they have to relist it.You're looking at potentially losing your EMD (which as stated above you shouldn't)...the seller is losing a lot more if they don't drop the price based on your electric quote.Also, you should be getting your EMD back and your agent would be losing their commission if the agent can't/won't get the EMD back for you...and you walk...which you should do if the above doesn't work as you need it to (notice I said NEED and not want). 

@John Collins you didn’t include your dissatisfaction in your original post, which makes me wonder if you are emphasizing it after the fact to justify a course of action you aren’t comfortable with.Same answer, you made an agreement you should honor it.

They emphasize that I have a “better chance” of getting it with cash.

I want to re-emphasize what I already said about screening your tenants thoroughly.

Also try to attend as many local meetings as you can, and ideally build some relationships with folks in your area with lots of experience so that you can go to them with questions (can't emphasize enough what a huge difference that makes!!)  

Others would tell you something closer to $5K.The thing I can't emphasize enough as a personal opinion is that you have to have a handle on your spending.

I emphasize that because many investors don’t actually pay close attention to their numbers.Of course that figure is assuming you have property management in place.

@Whitney Hutten I've realized that many investors that have some experience in doing BRRRR emphasize the importance of building the right team.

Emphasizing the "IF" just so nobody misreads and thinks I'm saying the numbers aren't important.