And, of course, check out financing options to ensure you're getting the best mortgage rates and terms for investment properties in the area.Best of luck with your search!

Sure it will cost more and take longer but consider it the price of your education.Other than that your option as others have point out is to find the money to finish it off the books of the hard money lender, sell it or refi it and pay off the lender and move on.

and it's in Boston.https://www.biggerpockets.com/forums/12/topics/1196952-i-jus...That is one if the first strategies I looked into and saw it's potential but I have a wife and 2 kids so not really an option for me.

A foreclosure will take much longer to complete and affect you much longer than a short sale, so "letting the bank take it" is probably your worst option.

With regards to this, I'd like to make two points for your benefit, based on what you're saying.1.

In Cleveland they cash flow well and you can build a foundation of knowledge this way and a base you can expand upon in the future if desired. 

We backed out of the deal instead of looking for other options.

Wondering if anyone has any ideas on options for me.

Since the buyer was initially qualified to close, I was thinking about initiating a lease with an option to buy.

I’m being serious when I say this as what other options do buyers like us have when the median housing price here is $980k, and inventory is around a month.