I think it really depends on what your motive is here with the early termination clause.

Motivated seller with all units occupied with tenants How did you find this deal and how did you negotiate it?

I have been using my own agent off and on but wondering if it makes more sense to just use the seller agent since they may be motivated with double commission?

I am a new investor who is eager and motivated to find deals along with learning more in depth of this Real estate industry.

LOL So now each of my LLC's that has a different project has to have the developers license. its a pain there is no test but its a bond and insurance and not every one can get bonded these days.I know having done a lot of work in Chicago how tough that city can be as well.. no one is going to teach you this you just kind of learn it.so bottom line unless this person has some very narrow niche // or its just a raw raw thing to motivate you  chances are there is nothing unique and I am not talking about getting rich with tax overages or some of the other things that get recirculated constantly. 

I’m only 19 but I feel like if I can keep up this pace and keep up the motivation and I don’t get discouraged when contracts don’t work or buyers back out and just keep on pushing I’ll be successful in this.

I have lots of extra time on my hands, am self motivated, and mostly have a desire to learn more about real estate.

@Lucas Schlund there are logically, 3 options:1) Buy Cash: PROS: You can get better prices on houses because you can close faster with motivated sellers and buy houses that need repairs to qualify for a mortgage (less buyer competition)CONS: takes the longest to save the funds2) Use Rehab Loan:PROS: Same as #1CONS: more expensive loans:---FHA 203(k): not that expensive, but must live in the property for 12 months before renting---DSR Rehab loan: relatively expensive and may need experience to qualify3) Mortgage on Property with Cosmetic Repairs:PROS: easiest & cheapest to doCONS: lots of competition, so can be hard to find a "deal"PM us if you'd like to discuss these in more detail.

A 1031 makes you a very motivated buyer, which is not ideal. 

I don't know your market, so I would not be able to advise you, but just consider the sellers motives and make the terms beneficial for both parties.