Hey Everyone,  I find myself in a unique situation and am hoping there are a few of you out there with experience/advice for my situation. 

We countered back at 149k, buyer countered @ 146k, I accepted but now.....Buyer is asking that if the appraisal comes in low, I split the difference between appraisal and the purchase price.Context of situation is I’ve decided to sell and 1031 exchange in hopes to buy a 3/2 to further invest (buy/hold). 2 Bathrooms tend to rent out better.

Context of situation is I’ve decided to sell and 1031 exchange in hopes to buy a 3/2 to further invest (buy/hold). 2 Bathrooms tend to rent out better.

In not knowing what you bought, things can go either way.In a situation like this, would there be any way to find out information about my tenant.

but be more specific about your situation and we may be able to better advise you

Top two things to do are to:educate yourself on the different aspects of RE, figure out what makes the most sense for your life goals, and to pursue a deeper knowledge of that areafigure out your financial situation because that will dictate what you can/can't doI guess that was more than two things...

We'll cut to the chase, here's our dirt.The Facts: Ages 51/44, Married, w/10 yr. old childOne steady income 45KOne low income & fluctuating (self employed only 2 years but growing slowly)Living/ renting in NJ (Very expensive market, 2 family units sell over 500K)Fair amount of debt 37K (Car loan, 2 CC, Medical bills)Just getting by each monthCombined 401K's =  150KMy 401 (100K) can be transferred with no penalty to a self directed IRA (I had opened up last year in hopes of using some cash to invest in RE) We are determined to get into REI however we're probably going to need some creative ways to do it with our current situation.

Also, i would love to hear what you guys would do in my situation.

But that's a very different situation that he's trying to use to validate his situation.

Our PMC advised us to give the tenant a 30-day notice to vacate and we gave them the go-ahead to do so.Is this a situation anyone here has encountered?