To be more successful, you simply have to work on the other elements to progress your REI pursuit.

and, if I go ahead and settle with the title company, would that end any potential pursuit of restitution from the seller?

It is just to expensive pursuit to not have a career path lined up. 

Should I still pursuit the deal even though I’m short of the cash I wanted to have set aside?

Once the project is complete we expect to achieve $5750 in gross monthly rent + recapture 100% of our acquisition capital + 30% of our renovation capital.We are presently in pursuit of a good financing solution for this project, this seems like a great opportunity to apply commercial financing as we have six units on our hands (3 separate properties).

And they are likely to be deficient.The point of the comment is to not focus on penny wise and pound foolish pursuits.

as someone who has to actually hire the attorney this is a very big expense in the pursuit of principal.. also I suspect there maybe a little more to the story as well why this has not funded .. also its testament to having a very good banker in your corner.. many time folks jump around over 1/4 points something..  

RE Pro status is only needed by landlords who have losses from rentals but cannot deduct theses losses - either because they have too much losses or too much income.To qualify for RE Pro, there're several requirements, including requirements to spend a lot of hours in real estate business (750 a year) and spend more hours in real estate than in non-real-estate pursuits (like a W2 job).

Also, sometimes I post thinking it just might get read and be helpful to more than one person, even if I write as if I am speaking to only one.There was a time in this world when everyone thought blood-letting was a sound idea too.People are jailed in this country every day on drug charges, even though not a single drug user was seeking anything other than life, liberty and the pursuit of happiness.What we say to each other matters, and disinformation often has adverse consequences.

@Thomas Richardson good plan and good luck with your pursuit