Thats why the numbers didnt add up and I was unwilling to just buy a property just to have one. 

We asked the junior lien holder if they would be willing to not redeem and buy the property in a simultaneous close from us for less than the redemption amount (we offered to do a purchase price of 75,000) but they were unwilling to do so, which is a bummer since we could have both benefited as we would have at least walked away with some profit and they would have bought a house for 18,000 less than expected.  

Our strategy is to get as many re-performing as possible (thus receiving cash flow without the tenant headaches), and for those unwilling or unable to pay we offer them cash for keys or foreclose to get the property back.

The seller was unwilling to make any concessions so I didn't know any other options but to terminate the contract. 

I've had experience with FHA requiring tedious repairs such as adding hand rails to small sets of steps, painting the floor, walls, and ceilings in basements, and other things that perhaps the seller is unwilling to do.

Fast forward to a hastily completed job that did not fully meet the requirements and caused additional problems/work for the buyer (me) to remediate, and a seller unable/unwilling to complete the agreed-upon work within the confines of the Purchase and Sale Agreement terms, or provide appropriate credits for outstanding work. 2.The offer on this home was based on four major items being completed (we have in writing from listing broker): new roof, crawlspace insulation, attic insulation, french drain/sump pump.

I find it very concerning that it appears that your agent is apparently either unwilling or incapable of performing his fiduciary duties to you. 

We may be interested in flip opportunities in southern California, but are unwilling to risk using loans until we see major tax cuts passed and signed by President Trump.  

Do you want people thinking you are cheap and unwilling to be fair?

Since you are unwilling to enter a new 12 month term, SEC 8 will tell you to give a termination notice and they will issue the tenant their paperwork they will need to start the process of getting moved into a new place.