So the terms do not revert back to the original offer's terms, because no contract was formed, and you cannot sue as Jason Hirko suggested. 

Hi all,Looking for suggestions on what would be a good approach to handling this scenario.Young couple in their early 20's bought a HUD house last year.

Also, if you become a PRO member, you can have access to amazing tools and resources like:Weekly webinars:https://www.biggerpockets.com/webinarOr the forums, or great guides and books:https://www.biggerpockets.com/real-estate-investin...https://www.biggerpockets.com/renewsblog/2015/01/3...https://www.biggerpockets.com/renewsblog/2014/01/0...http://get.biggerpockets.com/flippingbook/Or you can analyze deals to start getting practice before you actually jump in:https://www.biggerpockets.com/flip-analysisI would also suggest you look for local Real Estate Investing Associations or clubs meetings to begin networking with people in the industry.

I would suggest you call a few brokers and see what kind of fees they charge and if they expect you to sell a certain amount of properties a month. 

@Kailee King Since no one mentioned it I would suggest attending the local REI club!

All I'm suggesting is that your responses aren't effective and they don't add any value.

Does anyone have suggestions as to how to structure a seller financing arrangement for such a situation?

Any suggestions/advice/concerns?

Can anyone suggest other ways for me to get money for the purchase and the rehab costs.

Can anyone suggest other ways for me to get money for the purchase and the rehab costs.