There are a lot of watchdogs out there making sure they aren't losing deals to cheaters. 

He is definitely one of the major players in the area and seems to be a good guy as well.

I suppose it's helpful to have the reserves, but I worry that we'll lose money by leaving it with finance managers at Charles Schwab and Merrill Lynch.  

The goal is to get this tenant out by March 1st with as little lose of rent and money as possible. 

They must still execute on their option and purchase the home before that time frame expires, otherwise they lose their option.

I will write another post about offers being rejected, losing funding and losing money, agents, building my credit and raising capital.

Same thing, contractor loses license until fund is repaid.  

@Zana Blue,Well, I'll take a more humane position: instead of focusing on win-lose, try to find a way to make it a win-win.For example, if you're in a position to do so, offer to be a private lender on his deal, or see if you can partner up with him some other way.The path to success should not be a competition, it should be a journey on which we take others with us.

It is advisable not to break leases early, or both landlords AND tenants lose available funding or benefits. 

If you flip first (and don't lose money), you'll still be able to buy the rental.Let me know how else I can help.