So my earnest money deposit of $4500 has gone hard.

The $10k was put onto a credit card so in essence they spent $10K in asset protection fees to create a liability.

That feels really slimy to me so I wouldn't do that.

He has bad credit so he can't get a regular mortgage. 

I’m here to learn, grow, and connect with like-minded individuals who can help guide me along the way.I’ve been fortunate to build great networks so far, but I know there’s so much more to discover in the beautiful world of real estate.

It's expensive but so are big mistakes.

So there is a paper trail of me using it as my residence.

A large tree fell during the storm last week and took the stairs out so the tenant has no way to access the unit until we can fix the power lines and remove the tree which we're working on.

So it's kinda a first for me to run into this problem, just want some advice on how I should proceed with this.  

5% of 160 is 9k  so net 151kclosing cost buying and selling lets say 2kutls and insurance lets another 3k prop taxs say 2kso 151k - 7k  = 144k