Look in the events tab for Zen and the Art of Real Estate Investing.

@Liam Dalbow Take the $1,000 you made in forfeited deposit money from the buyer, call a couple of real estate lawyers in your area.

I recommend finding an accountant who specializes in real estate taxation and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

PS: I can help you get two or three out-of-state properties in Alabama that will cash flow, and I could also provide DSCR loans for real estate investors like yourself in Monmouth County. 

Start by reading the Ultimate Real Estate Investing Guide: https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide/introduction2.

This is super important for real estate investors.Tax Flexibility: An LLC can offer some nice tax benefits.

I do think the seller is at risk on perceived  cost however those costs aren’t real if appraised at sales price. 

I now have the luxury of shopping a commercial loan at my own pace. 

Development is the notorious part of real estate which looks really clean on paper and process but is seldom profitable when you need it to be.

I would by real estate in cities that have seen large negative decreases in sales prices but are still positioned for population growth.2.