Review the contract with your attorney, the seller is not performing so that's a reasonable clause to exit the deal if you feel that it will not be fruitful for you and get your $ back. 

, but someone else already squeezed the equity juice out of it and left me with the rind.The only reason I still own it is that it was purchased in North Park ... in 2004. 

Not in your market, but this isn't a tree that would bear a lot of fruit for a LO.Most of these folks will not today be able to get a mortgage, and that will typically still be true in 2-3 years.

When I coach young agents, sooner or later they ask me about working with investors, because it seems like low hanging fruit to them.

@Scott Robinson At least in Massachusetts, the seller would go to court and file a "petition to partition".If successful, the court could order one party to buy the other out, or for the property to be sold and to proceeds to be divided.TX may (or may not) have similar laws, but you'll probably want to buy an hour of an attorney's time to figure out which way to go and whether the juice is worth the squeeze.

Again, you need a place to have a plan but those are the "low hanging fruit" Obviously avoid anything that needs major plumbing or electrical.   

Get the creative juices flowing!

The low hanging fruit is, for the most part, no longer available.  

I’m in Oklahoma, where evangelical oil barons have sucked the juice out of the land and turned the area from a grape into a raisin.

, we are hoping to see some regular income from the fruits of our labor!