A summary of the opportunity is below.2 4bed/3bath SFH offered together for $1.75M.Comps show implied value of $2.4M-$2.5MVery desirable neighborhood of OaklandSeller has offered to finance a portion of the total purchaseBoth homes are completely vacant and recently remodeled (so we can command market rent for all units)Since my business partner and I have recently started investing, we do not have significant reserves to put down $300k+ in a traditional loan package.

(Not implying that’s your plan) :)There’s a lot to learn and it’s constant learning, whether it’s dealing with a new kind of tenant, to some new issue, or new laws which seem to change every year.

@Aiesha Hooper They should really be called "assignors" because wholesaler implies that they buy and sell inventory, which many do not.

If yes to the latter, does that imply that a lien holder can foreclose early on the home if the deed is purchased (before the usual 2 year period)?

But I didnt interview anyone else and I dont know if there is an implied contract between us now? 

The original reason I gave (non agreement to full lease terms) they are now saying they didn't say, which b/c I know them I know was implied.

I really hope I in no way implied otherwise.

The VA IRRRL is a rate reduction refinance only as the name implies so not used for cash out.

@Cameron Tope when you say buy a deal that works as a BRRRR, doesn't that imply putting a down payment?

Maybe say sorry it has been contentious, feel sure he can now see your perspective and hope no hard feelings in future...to imply you may use him again.If he cashes the check, he likely has legally agreed to the offer (Guess on my part as not a lawyer).If not, you have created a document for court that makes you look reasonable to judge...having tried to work it out.Hopefully the money will also placate the anger...v important as people can be vindictive if they feel they have been wronged.