Just based on the info you provided I would take the loss and move on.

Even if they offer a 721 on any property, I would recommend looking elsewhere.

I’d like to discuss it with a realtor, but I’m worried that if I disclose the deal, the realtor could bid against me on the property.

There are plenty of great deals on the MLS.

Right now I am focusing on building a strong buyers list before I really hit the ground running on marketing for sellers.

I am looking to buy my first investment property and have seen strong fundamentals in Indianapolis (job growth, population and median wage).As an out of state investor, I am looking to connect with investors/agents in the area to build further knowledge on specifics with the markets and hopefully bring business to in the future!

I always told clients even when the rates were going up not to buy something on short-term thinking (i.e.

Due-on-Sale Clause If transfer taxes are not a concern, the next consideration is the due-on-sale clause, which could lead to loan acceleration.

The properties are considered on a separate basis, you can actively participate in one and passively participate in others. 

In Michigan, the ultimate garnishment is state tax refunds (federal cannot be garnished).Not seeing how you are going to successfully do this on your own - remotely:(