You're in the ball park.

As Mark Cuban says “you gotta crawl before you ball.”

Trying to get to the person who can actually clarify budget questions can be a needle in a haystack.The lender may or may not have dropped the ball. 

Guys, I ask that you reflect on all of this, be in the shoes of a tenant who loves his little fluff ball but may not have the means like the landlord does, please be a little more compassionate.

Be smart about it, but it's not unreasonable to expect them to earn your business- if you are expecting this agent to find listings for you, take you out every afternoon, low ball offer a dozen houses, etc then given that amount of work a buyers agreement makes sense this early in the game.

My Commercial Sale will still give me over $100,000, plus the HELOC money to use and I can start looking for the next Pool Home to fix up and rent in case I want to live in a wheelchair friendly home where I can get my exercise when I am in town in the backyard Pool.

You just need to get started and it will snow ball from there.

(Property has a morgage of $3200 and we have a lease purchase agreement in place on a two year lease at $3000 per month and collected a $25k non-refundable down payment if they exercise the option to purchase at the end of the 24 months)

It could be a media room, exercise area, kids play area and storage, which are all valuable.

(b) All Lots shall be used for private single family residential purposes.