Here's the run down:Price: $550,000 - I signed an appraisal waiver - 1st appraisal: $425,000 - 2nd appraisal: $475,000 - my lender wrote a decline letter stating they wouldn't fund the loan (part of the loan required I had a certain amount of reserves in the bank and if a covered the difference I wouldn't have enough which is why they wouldn't fund)  - I sent over the decline letter and signed the cancelation of escrow and release of funds letter - a week later the seller offered to carry the loan with very poor terms - the seller is now trying to keep my emd ($16,500) - they are also threatening to sue me for incurred losses if I don't give it to them - they are claiming that because they offered to carry the loan, that I backed out of the purchase in bad faith and had no intent in purchasing.

You can sell this type of a product with full faith and confidence.  

Just to paint the whole picture, the 3-family has 3 long time tenants-at-will who agreed to sign lease agreements and have been consistently and faithfully paying rent for 10+ years.

Also don't put all your faith in a Zillow estimate.

In the contract we signed with the property management company when we first started using them there was a clause that said:"Expenditures for repairs, alterations, decorations or furnishings in excess of Three HundredDollars ($300.00) shall not be made without prior written consent of owner, except in thecase of emergency, or if agent in good faith determines that such expenditures arenecessary to protect the property from damage, to prevent injury to persons or loss of life,or to maintain services to tenants."

I know I just have to stay faithful with the marketing and the deals will come.I have been attending REIA meetings monthly as well meeting as many people as possible. 

ARTICLE VIII - INDEMNIFICATION OF THE JOINT VENTURERS 8.01 The parties to this Agreement shall have no liability to the other for any loss suffered which arises out of any action or inaction if, in good faith, it is determined that such course of conduct was in the best interests of the Joint Venture and such course of conduct did not constitute negligence or misconduct.

I require the deposit within a few days of singing the lease as a confirmation of good faith/intent.

Hard work pays off i beleive in myself even though theres those down days i keep faith in me for my life to go 0 to 100. 

I however will still have some capital left, enough that I can buy a 40K house, hoping to find someone who wants to sell a 60-70K house for 40K, I know it's a long shot, but I have faith.