If you do not have this room, then you better have your own cash to close the A to B or more likely, you didn't negotiate a good enough deal to begin with as Justin pointed out in one of his responses.

Texas law does not clearly define abandonment but those are some of the criteria along with a signed agreement would have been good enough for me.

Thanks for the info Chris..I think my issue is that im not getting a good enough deal on the rehab to begin with.

If they say yes, it should be good enough.

You have to have a HELOC high enough to buy and rehab a property AND be able to find such a property in a neighborhood that will have a good enough appraisal after rehab and that will draw enough rent to cash flow.in your opinion which is better?

Run the deal numbers with paying the full realtors commission on top of the deal to see if it still works.If the deal was still good enough after due diligence, title search, and paying the realtor commission etc, then keep negotiating with the seller but try to split the realtor commission with the seller or plan to pay it yourself.

Because I'm an investor and not a slumlord I needed to have the units looking good enough to where we could feel comfortable staying there at night.

Is that good enough or I need further proof?

A license is not good enough in most states. 

But for now, having great insurance and an umbrella coverage is good enough.