I have a call scheduled with my broker in the morning, I'm hoping everything can get ironed out quickly.  

.:  For what it's worth, I'm also a California resident (San Diego, ironically).  

I am going to the Iron Bowl next week by the way. 

Iron out the details later but lock it up now!

He has several irons in the fire right now tieing up his funds available for REI.

Those vintage buildings carry a ton of other type problems besides know and tube such as asbestos,lead paint, galvanized plumbing, cast iron sewer,etc.Paying 3,000 for an inspection could save hundreds of thousands down the road in costs.

I doubt they will but it would be ironic if they do accept an assignable contract.

So...ironically the place is in Charlotte, NC.Any recommendations for an investor friendly RE attorney who could help us get this done?

I only buy no load index funds with low fees from vanguard. i also have a low cost/noload 401k thru my work.everyone is correct - real estate can make you rich, no doubt. but i find it ironic those are talking about fees where RE has some of the most fees around (agent fees; closing costs; license fee; transfer taxes; inspector fee; appraisal; origination charge; title insurance, etc) :)

@Cheryl C, yeah, it is kind of ironic that a buyer cannot back out of the sale, and the sale is considered final once the highest bid is received, but the lender is given a free pass to cancel at will.