., you have taken practical steps to reach this planned goal. 

Now that you have decided not to do the deal, take a good look at it in detail and use it as a practice run for the next deal.

Buying subject-to existing loans is a practical way to buy property, especially if the seller is financially distressed.

I am actually going to be sworn in as an attorney licensed to practice law in Connecticut on Monday.

I understand that this is probably a long shot but it will definitely be good practice for us even if it doesn't work out.

Contractually it's Problematic.Best practice: "Buyer vesting to be determine in escrow"Who's still teaching these bad habits?"

I know there are requirements like a working stove and heater (here in Florida a working A/C unit would be more practical!)

Also, I want some practice as a landlord and it would be nice to start out living close to the property.

You may not want to do this practically, but legally you may be able to sue the defendant as a John Doe, then compel the seller to tell you who it was, then amend your defendant to whomever squealed (legal term).

Reserves = sound business practice= better loan terms on next property etc........