A sign of good faith, this amount consequently allows for additional time to seek financing.

  $10,000 reduction to show some good faith bargaining. 

I did a extensive amount of research on note investing and wanted to see if anyone would be willing to share their knowledge with me on my first note purchase, which I aim to do within the next 30 days; holding me to a strict timeline will force me to take the leap of faith.

Same goes for other non residential types of deals ,apart from commercial which is its own thing altogether in what constitutes a serious buyer at a certain tier.In most residential transactions however, the seller should be content to make a sound decision based on a letter of preapproval (address specific if time warrants)  from a lender that's summitted with an offer, cash offers submitted with POF or at minimum EMD enough to show promising good faith in closing the transaction out.

Below are some other facts about this deal:3 lots totalbadly burnt unit (Probably has to be torn down, but basement is in really good condition)Michigan Department of Transportation (MDOT) stated that if we happen to be in footprint of project or any future scope change there would be a "good faith Offer" given - (another possible exit strategy) Plans are to make it a multi family (Duplex) and test one side for possible short term rental.

You're placing an extraordinary amount of faith in their ability to get in and out in 30-60 days.

The books I read were mostly around business, finance, investing (both stocks and RE), marriage and my Christian faith.

Keep the faith and Iḿ glad you are asking questions seeking knowledge.

Tons of people put a bunch of fake reviews up and I don't put too much faith in them. 

I feel weird buying a vacation home for ME when I feel like so much of my strategy is 'work hard, save money, build equity, expand REI' - but at the same time, this could potentially be a small income-generator from AirBNB - I just don't have enough faith in that to really push me over the edge into moving forward.