Can't write off mortgage interest with no loan 2.)

For our primary mortgage, we are 2 years into a $600K 30 year 3.75% fixed conventional loan.Here are some pros and cons I can think of for each option:Invest as CashPros:Very liquidLess riskyNo interest on cash amount for next investmentKeep higher primary home interest expenses for tax write offCons:Sits in savings account earning 1% until reinvestedPay Down Primary Mortgage and Take Out HELOCPros:Saves $275,000 interest and reduces payoff during to 15 year on primary mortgageCons:Puts primary home at risk if future rental property investment goes badHigher and variable interest rate on HELOCBanks could close HELOC at any time removing my access to the funds for investmentMiss out on tax benefits of higher primary home interestUltimately, our goal is to have no personal debt including primary mortgage, while building a steady stream of cash flow through rental properties over time. 

If the responsibility is not meet within the minimum 2 day period, the other party then reserves the right to cancel.The California Association of Realtors’ Residential Purchase Agreement states the following:“NOTICE TO BUYER OR SELLER TO PERFORM: The NBP or NSP shall: (i) be in writing; (ii) be signed by the applicable Buyer or Seller; and (iii) give the other Party at least 2 Days After Delivery (or until the time specified in the applicable paragraph, whichever occurs last) to take the applicable action.

So instead of 'development and multi-family', start with 'networking, service, reading spreadsheets/analyzing, connecting with people, managing projects, etc....' basically write out whatever you really enjoy doing OR whatever skill you want to acquire... and find a job in RE that matches. because RE is so diverse and people oriented, you're bound to find something that suits you. 

I would write a letter explaining your numbers, and how you’re not trying to rip him off, but based on your numbers, this is a fair price.

You make an offer in writing to the lien holder and wait to hear back from them. 

On the left side of the T write the Pros of selling this property.

I had it in writing at 60k so it was frustrating to see especially after paying my lawyer for the initial contract which was simply a waste of money if he had no intention of selling it on contract in the first place. 

Could you work out a deal with the bank and get a statement in writing that they would not call the loan due if the title transferred?

In the future, I would suggest getting things in writing with a lease.