I found a property and he accepted the offer...

[Terry Majchrzak]

So Ive found a property in Ransomville, NY. And a wholesaler I met through facebook accepted an offer on 39.5k. And everything ive seen as far as comps go are highly favorable of an 90-100k ARV. I would be obtaining the funds from an annuity and 1k EMD.

Due to an almost marital status change...i kind of need a place to go. (Mom says hi!) However its 36 minutes from me(it is indeed very rural)...which isnt so bad but its the complete opposite direction of my entire life. Which...i can manage whatever. Im a union carpenter by trade. But im no electrician plumber or hvac guy. And im literally putting all of my eggs in this basket in hopes of a place to live and cash out as well. 

There is a farm that this property is smack dab in the middle of. I thought about contacting them the day i closed to see if theyd be interested in the property for around 60k. But it has been pointed out that that has most likely been attempted. When i met the owners son it did not seem like they knew the farm owners at all but who knows. Thats a gamble all in its self. 

My question to BPfam is... (i worked really late in a place with no reception today trying to figure all this **** out)...is it alright if i say i want an inspection but they can start the title search and if that goes south i can back out? Obv i lose my earnest money deposit. But i just wanna make sure i can back out of the contract if theres somethin "i dont know what i dont know" type of thing. Like is it too late?

Oil burnin furnace (no gas lines around) and a septic system. I have no experience with these. 

Cheers, guys. Thanks!

Terry