I also often see local businesses selling their business and locations on facebook fairly often, atleast in my area.

The trashing of his credit threatened his job.

We only require a soft credit check as well. 

I don't think he would allow someone that had to put the fee on a credit card.

They don't ask for any documents just do a credit check and you fill out their application.

Seller might claim that the contract wasn’t fair and equitable to begin with, or use stalling tactics, or they might say they need to move into the property because they are getting divorced/ lost their job/ need to move their ailing mother into the property, etc. and anything along those lines might make a judge more sympathetic to them than an investor buyer looking to turn the property into an STR. 

Quote from @Jaycee Greene: Assuming you pay asking price, I'd estimate the down payment for something like that using a hard money loan (HML) would be around 40% of the purchase price and your monthly payment would be $2,600 with an interest rate in the low 7% range (probably need a 700+ credit score to get that).

The paid prop tax is something on the order of 0.7% (going from memory) which is fairly low. 

I'd estimate your cash flow after you pay the loan payment would be $600-$800, which a lender that understands investment real estate should give you some credit for on your DTI.As for a bank, I have a specific lender at NBI that I would recommend.

There are many ways to attempt to collect your loss:  file a small claims complaint against them; get a judgement so you can garnish future wages/bank accounts - and the judgement will be recorded in the credit bureau.