There is enough wisdom and advice on this site to keep you busy indefinitely!

I am inexperienced but am working toward obtaining my real-estate license and home inspection certification.

What the seller is not informed of is that his whizbang wheeler dealer doesn't have two nickels to rub together, has no credit to obtain a loan and, doesn't even have that partner or alternative available to sell the property when the contract was made.

Or would some investors be interested in obtaining a property for under 10K just for the lot with the appropriate utilities running to it?

It would be a good way for you to go, being compliant, fully amortized as moving out to a balloon would have a loan balance below loan minimums that wouldn't likely be obtainable.

Now, you do not need to have a masters degree to obtain a CCIM, however, it does give you 3/4 of the credits needed.

my thought was to move her things into storage and hold it for a while (indefinitely), we have other units in the complex always opening up i would be happy to give to her if/when she is recovered.

IF SO, the 2nd step to this complete tactic is to make sure I'm there at the auction of that property, have financing on standyby and be the highest bidder for that property in which conclusively, will allow me to obtain a property at well below 50% FMV.

Nothing herein contained shall limit or prejudice the right of the Owner to prove for and obtain as liquidated damages by reason of such termination, an amount equal to the maximum allowed by any statute or rule of law in effect at the time when, and governing the proceedings in which, such damages are to be proved, whether or not such amount be greater, equal to, or less than the amount of the difference referred to above.I tried my best to understand what this states but I do not understand it completely.

You seem like a nice enough guy and I don't know the facts behind your investment decisions, but my ability to obtain great financing has been adversely affected by the ill-advised actions of others.