I chose to forfeit my deposit and walk away from the project.   

Ask him to walk you thru Caye Caulker and tell you about it.On another day rent a golf cart pay him for the day.

Trust your gut when something just doesn't feel quite right and don't be afraid to walk away.

Should I postpone or walk away?

I walked the house (full of trash).

We were staying on the University campus and there was only one bar within walking distance

I think there are many over looked opportunities like mother in law suites, finished basements with walk out, finished garage, or building an ADU, renting to room mates to offset cost, etc.

I’d be happy to walk you through what’s worked for me and others starting out.Best of luck on your journey!

I have an awesome realtor who said walk away.

Thanks for sharing so that others can learn from your experience.As far as the appraisal, were you present when the appraiser walked the property?