., you should easily be able to obtain a personal loan from one of the lending crowd funding sites and not even have to put the property up for collateral.Your approach to real estate investing is interesting and very unique.  

I do understand that each market is unique and what works in one market does not necessary work in another. 

Very unique!! 

I toy with the idea of paying the early withdrawal penalty and taxes (huge).

I can't give any specific names on BP, so yeah..The criteria is unique, it's all based on your end buyer being lined up and ready to close, so I'd suggest building a buyers list first, or get in contact with agents who work with cash buyers. 

This property, even when fixed-up, could not sell for no more than $375K in that area btw as it is a strange unique property.

It is truly unique, offers excellent ROI and the starting investment is just $10k: Have I Found the Holy Grail of Passive Real Estate Investing?

So I am in a unique situation currently because I don't own a home and live with my parents (common cultural thing for South East Asians) and now they are moving to Virginia but aren't selling this home.

Always better to do a good job of defining the things that are unique to your situation even if you use a standard agreement of some sort.

I toyed with the idea of wholesaling, but I couldn't coordinate the 50+/day follow-up phone calls with my day job.I have about $40k in cash, so I'll be seeking hardmoney lenders and wholesalers in the area.