I just have to stay confident and get more creative.

Given that there have already been a few surprises with this property and I'm not sure how confident I can be at this point that the deal will progress to closing, what's the best way to minimize both mine and the Seller's out of pocket exposure in the event the deal falls through quickly?

If I can make a 3/1 I am confident I can get 1100 a month in this area.  

I am quite confident this is where your problem is.A 1M dollar house needs to have amazing finishes.

BP forums and podcasts have been a huge inspiration and center of confidence to begin this journey.

Do you have confidence in your numbers (rehab cost, timeline, rents, ARV/Comps)?

I'm a Realtor and also investor/flipper/landlord and I feel confident I could made a qualified purchasing decision on a property if I had someone via smartphone allow me to walk through, see details, drive through the neighborhood and provide me with any additional data needed.

I'm confident that the above approach can serve as a guideline in understanding things.  

I feel very confident in buying, renovating, renting and managing single family houses!

I feel like I achieved something :)  Thank you for those of you who answered my question and gave me confidence.