1. attorney and realtor here. seller should keep the deposit here bc buyer breached contract (assuming there was no home sale contingency in the contract, which it sounds like there wasn't). 2. it'll be hard to go after buyer agent for damages bc seller would have to prove that buyer agent knowingly withheld info. honestly, just keep buyer's deposit and re-list (the deposit is essentially "liquidated damages" which are damages everyone agrees to upfront to avoid costly fighting when sh*t goes down).3. definitely seller agent should have closely reviewed buyer's preapproval/POF. when i represent sellers, i even call the buyer's lender to discuss their offer (i do this before my seller accepts the offer). that typically ferrets out any problems my seller should be aware of as far as buyer's financing is concerned. honestly, i think if the listing agent had vetted the preapproval and/or called buyer's lender, you'd have avoided this situation completely.4. to protect yourself going forward, make sure you always review buyer's preapproval/POF. preapprovals give so much info to sellers, like what type of loan buyer is using (for instance, FHA should make your spidey senses tingle bc you're being put on notice that buyer does not have a bunch of cash available for the deal, so you'll likely get squeezed for some $$$ during the inspection period). preapprovals will also note whether there are contingencies that need to be taken care of before buyer can close (like a home sale contingency). i'm big on picking up the phone and calling buyer's lender before having my sellers accept an offer. that might be something to ask of your agent moving forward as well.

When you're doing your due diligence did you get from them the T-12 so you could see what they were paying for insurance? 

. :)  But generally speaking I think we can all agree that investors first and foremost should get a title commitment read and understand then buy either owners policy or a lenders policy.

Quote from @Henry T.: I use leaseRrunner, I tell the prospective tenant to set it up and pull the report, then sends me an email where I can log in to look at it online and print it out.

I'd encourage you to also consider passive syndications if your time is otherwise commited with any excess capital. 

Validate with appraisers or local agents.Before you commit to your ARV, run your renovation plan past an agent who actually lists flipped homes in that area.

– Skyler T

We remain committed to transparency and will keep you informed of any significant developments.

The SDIRA can use the income depreciation (% that is financed) to offset the UDFI on Form 990-T.  

I have done a few flips in the last year, I heard about flip secrets, I don`t need thy`re course or mentorship really.