1) When making these types of decisions, it's important to also compare an alternative.

Include definitive buy out options and decision making process.

that was my worry about selling too soon, and the only way i can see myself breaking even would be to do a for sale by owner. i didnt factor in the benefits that might come from prospective lenders should i choose this as a rental, so this may definitely sway my decision. you are also correct in that one area i was initially looking at for properties is in Aurora.

I also recently started reading Rich Dad Poor Dad.

The lender paid 50% deposit to the first contractor, he was doing a poor job, and went AWOL.

Interview a couple before making your decision. 

Also the Owner is out of state, and shoddy paperwork suggests poor management.

That said though, they want to make sure they are dealing with a qualified, serious, realistic and decisive buyer.

So it looks like he has 2 causes to cancel contract, 1) Seller cannot deliver Marketable Title and 2) Bank rejected the Application due to length of time.While he can't actually buy anything because his deposit is locked up, he needs to see what is available so he can make a decision on if he should stay in this prolonged Contract or cancel it and go on to another property.So he wants to submit a non-binding offer to purchase but cannot go into contract because he has no money for a down payment until the previous down payment is returned.HOWEVER, it seems as if the original Seller's Attorney wants to use this to claim Breach of Contract?!

The vehicle is my primary mobility device and contributes directly to wealth building and the safety of my family, in all other ways it’s a liability Liabilities all my “poor guy stuff”I have a semi functioning truck and some real estate tied up in my late fathers estate with with about 25k in back taxes plus lawyers fees.