Ultra Modern Investments made an offer on a property I owned at what I believed was a good price given the comparable selling price of homes in that area. So, I accepted their offer, but I should've recognized that in their offer they had a "due diligence" clause that allowed them to back out of the deal without paying earnest money. After taking up my time and my tenant's time they then offered a much lower price for the property. I view this as a "Bait and Switch" tactic whereby they make offers they never intend to honor, so they can gain access to unsuspecting owners' properties. I recommend not doing business with them.
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