That's 2 major strikes.

We have a lot of out of state investors who do well her as long as you have your RE team in place and you are ready to strike when a good deal is presented to you. 

Some can even charge additional if it goes over 2 hours for the move outAs you can see, striking a deal can save you time,money and effort especially if you feel you are dealing with a tenant that knows the drill

You strike me as a nice, good person and probably believe others are respectful like yourself. 

Specifically, I was wanting to strike through the part of Clause 5 where it says Note: Buyer's obligations under this contract are not conditional upon obtaining or closing any loan.  

My main concern though is, is it even possible/wise to strike a deal for owner financing when a home is in the beginning stages of foreclosure?

Sure it has happened to some people but that's a lightening strike goose chase for most of us.Start small, make small mistakes and fail forward my man! 

Its an informal discount to entice a would be buyer to go through that process, a process that we see can backfire (Rent strikes, collective bargaining by tenants opposed to relocate ).

You may want to think about that in relation to formulating a down payment if you were to go that route.Your strike price is $10,000 less than what the seller paid.

So in war, the way is to avoid what is strong and to strike at what is weak."