With experience spanning nearly every aspect of real estate—except direct title work—I’ve had the opportunity to work closely with many talented vendors in the Indianapolis area.Today, I’m on the vendor side at Trojan Roofing Company, where I continue to serve the local community.

- Land Contract would be better:)Question: how are you going to lose $2500/month if you rent?

With the equity you’d free up, paying off $50k in personal debt and boosting your credit score while freeing up $3k/month sounds like it could significantly lower your stress and open doors for future projects.That said, selling means you’d lose a cash-flowing asset, even if it’s not huge.

Aren't they losing money?

if it is unsecured loan that is the consequence, you lose they entire thing. as far as tax write off, sorry but none.

Meaning that if you fund a $5K EMD and then decide not to close you lose the EMD, or you pay for an inspection up front and risk missing out on the deal while you're waiting for the report.

This property gives me significant income, so losing it would be an extreme loss.

Hope you don't put down large earnest money deposits... these guys will make sure you lose them! 

You're going to lose your loan from what I understand.

Sometimes its better to lose less now than more in the future.