So my plan is to purchase the property, build a quadplex and once completed roll the land and rental into a consolidated VA loan at 0% down, no funding fee and closing costs rolled into the loan.

My buyer is willing to pay a few thousand over but I fear that I will be in a difficult position if they were to back out as I wouldn't have any other buyers that would be willing to purchase this contract.The agreement that I use is attached.

Purchase price: $22,000 Cash invested: $30,000 Sale price: $145,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Seth Choate, successfully completed a fix-and-flip on Faith Home Rd, Space 119, Ceres, CA 95307.

Property Details: SFH 6 beds 2 Bath 2016 sqft - Rented by the room.Purchase: 340,000Amount Financed: 272,000Down Payment: 20% (68,000)Purchase Costs: 12,777Loan Type: 30 yearInterest Rate: 8.75%Rents: 3,300**********************Investment Returns - Year 1Cap Rate (purchase) 8%Cap Rate (Market Value) 7.1%COC 1.8%Return on Equity 1.3%Return on Investment 25.1%Internal Rate of Return 25.1%

I wanted to address the all cash purchases.  

Or will they postpone the sale if there is a purchase agreement in place?

I would be purchasing with an FHA loan, how do i assess if the deal is worth it?

The higher HOA and insurance fees have made investing in condos more complicated and not look quite as appealing, but there are still condos that can be purchased and an owner should be able to cover the cost of ownership.

Purchase price: $40,000 Sale price: $63,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Mark Millett, successfully completed a quick sale on 45th St, Birmingham, AL 35212.

Purchase price: $74,900 Cash invested: $42,000 Sale price: $204,900 Contributors: Peter Vekselman Partner Driven, in collaboration with Rose Brown, successfully completed a fix-and-flip on Wright Road, Fayetteville, TN 37334.