When you have a obvious risk that is easily eliminated the correct business decisions is to eliminate the risk.

The real estate market in Midland has had a slight correction with properties not selling the minute they are listed.

I have been having trouble updating and correcting some inaccuracies on my profile also.

I would have a contractor walk it, and give you a bid for a complete to studs remodel, and add 10%.

@Brandon Sturgill  and if it goes to foreclosure sale it takes time to get your deed.I just closed one today ( got paid off) on one I bought in Ohio at court house and it took 2 months just to get the deed and most are not TRUE cash buyers like us.. so folks like that don't need you in the middle of it they will just go to the sale and bid.. ??

Find the people that are winning the bids and go introduce yourself, let them know that you come across properties like the ones they just bid on for cheaper.

The deal should be able to close as long as your numbers are correct.

Rents are still very strong, but I'm sure I'm not immune to a correction.

Is this the correct forum to ask for recommendations?

You didn't lose 200k, the seller did, and they would be entitled to count it as losses.Someone correct me if I'm wrong but I doubt it.