It sounds like parties agreed to due diligence, and at the conclusion of due diligence, the buyer did not back out.

If you can't easily find the age of things, everyone else that looks will have to come to the same conclusions.

A very sensible conclusion.

In conclusion, if you would be living in an area where there are no other options within many miles of you except the one you mentioned, than that would makes sense.

Here was his response:"I gave this some thought over the weekend and came to the conclusion that I would like to accept your offer.But there are some things to consider...

I have pretty much come to the exact same conclusion.

I spent a good amount of time yesterday trying to find an answer to this question and I'm sorta coming to the same conclusion you did - the opportunities nearby are few and far between.  

I am familiar with how having a license can yield consequences on other real estate investing deals such as flipping, wholesaling, and small multi, and being that syndication is on such a larger scale I can see how it would have similarities and differences in risk and can have greater consequences if it's not done properly.Every time I initially think about getting a license or not, I am worried about the consequences with each area of real estate I move to but in the end, I always come to the conclusion that if your doing everything properly, being licensed will just help tremendously and save a lot of headache in the long run because cutting corners can cause such a problem, and cutting corners is usually unethical with or without a license.

At least thats my logical conclusion.

The conclusion of the matter is partnering is great but everyone is not a great fit.