There will always be another deal if it does not work out.  

I'm using my workout time to educate myself daily and feel overwhelmed, but excited to get going.

Once you have them served and file the papers with the court, the court will assign a First Tier Hearing - basically a mediation session where hopefully you are able to work out a move out date certain (with the tenant paying use and occupancy).

Hopefully it will work out to make it down there at some point. 

Okay pal, go with them I am sure it will work out the same (sarcasm) (hangs up phone).Like anything in life, you get what you pay for. 

If you think keeping money in your backyard keeps you financially safe, just remember how that did not workout in Greece.

If things work out with this 2nd company, and I have one operating rental in place of two empty lots in North Port, I'll be happy(ish). ya I built 3 up in the Ocala area took way longer but they got done and we did make a very small profit on them but I count that as being very fortunate.

Because typically when I put a house up for sale, I will get a call from an agent that has (allegedly) a buyer, and they ask "are you willing to pay me 3% (or 2.5%)" and i usually work out something that works for both parties.But I wonder...is the buyer now responsible for paying their agent?

Mostly, they are withdrawn by the lender (I can explain why); second there is a postponement for workout efforts, third they is an actual workout plan agreed, fourth, a bankruptcy filing.

I know you mention $400,000+ multi-family properties - but the numbers below will work out the same regardless of price point - I just chose simpler numbers to make the calculations easier to follow:Example:  $100,000 house - $1,000/month rent, $100 taxes/month, $100 Insurance/month - 7% on Financing Cash Versus Financed:Cash:$100,000 invested