As a principal, you can make a lot of money with the right model, but it takes a lot of cash to build your own book and remember, you'll be asking lenders and investors to borrow their money to collect on accounts that they consider the bottom of the barrel and very risky.Get some underwriting / risk experience where you can (you can cut your teeth in sub-prime automotive paper) and I think the future is the RMLO to residential and commercial real estate loans.Good luck!

(I had cleaned the guys property up as well)  No consideration whatsoever was given to the terms of the agreement, what I had lost, or the several breaches of contract the seller had made. 

Elliot,Bidding wars are a tough place to cut your teeth on a first deal. 

My guess is you will have no standing whatsoever.

Again, no issue with that whatsoever. 

You should not be responding to ANY communication with your tenant whatsoever during this time if you hired an attorney.

3) Do I have any negotiating leverage with the bank whatsoever in this situation?

California’s Bus & Prof Code §17500 statute provides: “It is unlawful for any person, firm, corporation or association, or any employee thereof with intent directly or indirectly to dispose of real or personal property or to perform services, professional or otherwise, or anything of any nature whatsoever or to induce the public to enter into any obligation relating thereto, to make or disseminate or cause to be made or disseminated before the public in this state, or to make or disseminate or cause to be made or disseminated from this state before the public in any state, in any newspaper or other publication, or any advertising device, or by public outcry or proclamation, or in any other manner or means whatever, including over the Internet, any statement, concerning that real or personal property or those services, professional or otherwise, or concerning any circumstance or matter of fact connected with the proposed performance or disposition thereof, which is untrue or misleading, and which is known, or which by the exercise of reasonable care should be known, to be untrue or misleading, or for any person, firm, or corporation to so make or disseminate or cause to be so made or disseminated any such statement as part of a plan or scheme with the intent not to sell that personal property or those services, professional or otherwise, so advertised at the price stated therein, or as so advertised.

Ended up finding a local company that would do it for $1,500 and it was like pulling teeth to get Anchor Loans to accept them for the appraisal. 

No issues with pitbulls, but there was no discussion whatsoever and its a violation.