Anyway, it isn't nearly as bad as you think at first, unless they are suing you for $2,000,000.Sounds like there is more going on in the background (their personal lives) than you know at this point.

Technically SBA doesn’t allow you to pay a second position back for the first 2 years, but there are things you could do to pay the seller back within the first 2 years.

Job history, background check and so on.

My $10k example was admittedly unrealistic.However, by way of further background, @Dustin Heiner wrote an excellent article on this topic on his website masterpassiveincome.com titled "What to Do When A Buyer Backs Out From An Assignment Of Contract".In it he suggests a scenario where the assignee decides not to proceed, perhaps after discovering a big ticket repair item that would cost significantly more than the portion of the assignment fee held in escrow. 

For each property, I have roughly $500,000-700,000 Mortgage so technically about 2.3 million in loan.

A link to FilePlace is at the bottom of every page, so it is easy to find.If you have technical issues, send an email to [email protected] and someone will help you.

Assuming the area is on the up and up Lake Property will always trend in the right direction because of the limited supply around the lake.I am in Chicago, but my father bought a lake house sw of Louisville and I think it's at least doubled in value.With your background as an electrician this sounds like a no brainer!

- What construction/renovation background can they prove or take a great game about?

It's not listed as *only* MTR but it works out that way and I could technically set a 30 day min. 

I have a small coding background and i used it to help me train a small date pool of properties which then allowed for it to project property values.