There is nothing keeping this buyer from RUNNING away from the property, in fact they have 100k in negative equity to motivate them to do exactly that!

Personally, I'd hang on to their contact info and advise them to hang on to your contact info as well and then I'd play the waiting game until their motivation moves up a few notches.

If you have any of those issue you aren't dealing with a motivated seller.

So their motivation was pretty high at the time.I walked the house and see that it needs approx. $15k in repairs and would have an ARV of $79k.My cash offer was in the mid $30k range.

See my example video I made on youtube to find motivated sellersIt just has phone, call to action, monkeys, I think a link in the description. 

It's a little bit tough right now for flips but all that means is you got to stay motivated and keep going.  

Sounds like we need to extend the closing date formally.How motivated are your sellers?  

@Ned Carey wrote a great article about finding a mentorI coach people over 12 months One on one to find motivated sellers, and I give them a cash offer or a terms offer or bothI like lease options, subject to, and wraparound mortgagesWholesaling only and being a one trick pony I don't think is a good idea, that's my opinion

Wendell, I am glad you liked my story and thank for your positive and motivating comments.

I am starting this journal to try to keep myself motivated.