You get the idea.Having lots of money tied up in illiquid assets is a recipe for failure if I don't have the liquid assets to overcome a financial hardship.

With the right guidance, you can overcome obstacles and succeed.

By having reserves as well as a safety factor in income you can overcome some of the highs and lows. 

If your buyer isn't able to overcome the challenges you've faced are you able to service the existing mortgage, pay out to do the foreclosure, etc.?

Actually I really agree with this (the problem with CA law is very easy to overcome), there're just two dogma in BP that the cash-flow should be the main key but for appreciation-focus like us, we are not scared with the cash-flow.

Share your thoughts in the replies below and let's help each other overcome those barriers!

I'm not seeking to oversimplify or underestimate the complexities involved, but rather, I'm genuinely excited by the prospect of navigating and overcoming these challenges and starting a new career.I informed this person that I preferred to conduct my own research before engaging in further discussions.

When you fail to manage and learn your business, it will manage you and teach you some rough lessons - as it has in this case.Get it done and over...chalk it up to a lesson learned (once; if you learn it twice, then it's just a 'hard to overcome stupid' thing). 

Even if the 17.9% was real net which it clearly isn't, the actual dollars can't begin to overcome a big downturn in value--and unless you get a big gentrifying shift in the neighborhoods you are essentially buying an investors commodity with all the risk that entails.

I'm looking to purchase an off-market home in my neighborhood and ran into a hurdle that I might not be able to overcome...For context my elderly neighbor who I've been friends with for the last couple of years recently passed away.