Not impossible though... 

Or is it impossible because she entered into a contract to sell to him? 

Thanks for the input, Matthew--are you saying it will be a challenge (if not impossible) for me to do a HELOC or other type of loan on the 20k equity I should have on this house after it's paid for? 

What disgusts me is that we took a vacant ramshackle foreclosure and made it beautiful and useful again inside and out, improving the community and giving someone the opportunity to have an attractive, comfortable, newly rehabbed home and they are making it nearly impossible for us to sell it!

We sell homes to Austin referrals all the time because cashflow is difficult to impossible to get down there.

@Erwin Groenendijk people will always say it is impossible, no matter the climate, no matter the property.

It's complicated, but not impossible.

Hi @Mario Russo, without knowing more about your goals, it's impossible to give advice on what direction you should go.

Not impossible by any stretch, but there's a lot involved and you should be prepared for $40k in professional fees, $15k in City fees, and $X in physical ROW improvement costs (where $20k < X < $50k).As a data point, I'm completing one project now that was very similar to yours: 4 lots, 25'x150' each, arranged into a single corner parcel. 

Assuming that you want to get paid something on this, which btw is going to be difficult but not impossible, if you bring an investor/buyer and they can agree on a price with the seller thats less than list price then the overall pie has shrunk and the number of people getting a piece has increased.