I graduated with my bachelor degree in Energy Technology Management in hopes of developing green housing. i have had a hard time of achieving this plan and my career. 

We know the seller is very motivated, as she is selling this home (her mother's) and her home next door and moving away.  

I am a motivated individual.    

I am a motivated individual.    

Money is a pretty good motivator.  45 days should be plenty these days, most are done in less than 30.I'd definitely be in communication with the seller's agent about what's happening and request an extension with plenty of documentation that you are very qualified for the loan. 

Motivated Seller is asking 55k.

It's has motivated me to pull the trigger on this adventure.

Nevertheless, you are correct in that it will probably be impossible to achieve the 2% rule in San Diego.  

Some of you know I'm really motivated to get my first flip done this year so I have been less and less interested in more buy and hold options, however, the seller today mentioned an interesting point to me as we were discussing my long term plans for the property.

And yes in addition to ramping up our normal marketing for motivated seller leads (for wholesale deals).