Afternoon, I have a seller that’s open to subject to, but back out because their LO said they wouldn’t receive financing for their second house.

Through our sphere of influence, the seller called us because they knew we could help them with a cash purchase and to close quickly.

I don't know what market your rental is in.

If we could afford the price point in our local market we would stay in the Southern California market but its simply too expensive. 

Well, they claim that their leads are better because the leads find them:The only way sellers find you is when you rank #1 or #2 in that market. the lower you rank, the less leads find you. 

@Chris Elliott There are many options left in the market.

Get a lender, enter into contract, close escrow, enjoy your new home. if you have less than 30 days, you would need the seller's cooperation to contact the foreclosing entity to see if they will postpone to give you time to close the deal. it's not guaranteed and the lender is under no obligation to do so but if everyone wins (seller sells, lender gets paid off in full, you get a home), most lenders will provide a small window of time to get it done.

Market changes all the time. 

That happens in my market all the time. 

Land contracts often allow for a higher price, typically 5% - 10% above market value, due to the flexibility they offer buyers.What's the average interest rates charged on these relative to regular mortgage rates?