If you've got some self-important folks who are puffed up with their own power and ego, they'll likely go another.Here's how I would approach this:1. 

The conservative approach is not to proceed since you already put down non retirement account funds.

Hello Family: Q-A,This is a question to our most seasoned or experienced investors.How would I deal with an Investorthat have houses to unload.Thehouses range between 200k-400k or above,could thesehouses be a Possible flipp,or would I have to get some form ofInstitutional /Hard Money Lending to submit a deal,,What'sthe best approach to this organization????

I would hear the sob stories that tenants would approach my parents with and my parents would always "work" things out with their tenants.  

I was approached last week by a nice young couple from Latin America who are getting advanced degrees.

Obviously that is not the only way to approach the situation but I think it's not a bad way to go about it.

. --- a very creative approach with the key trick :).

There was no need to get an incredible deal that had to fit under 75% or even 80% ARV through this DFE all-cash purchase method, yet you can refinance all of your initial cash back, and then some.

Matt Kistner It should raise a red flag when it’s $39K :) But, seriously, odds are it will be incredibly difficult to get a mortgage on a $39K property.

If it is not your intent to inforce your lease as written you should rewrite your lease.I consider this to be a professional approach to our business.