You answered my next question perfectly because after doing a little research I found out the wholesale equation and I realized that the numbers have to add up for the deal to make sense on both ends but as far as staying good with buyers Communication is key..

Just like a marriage, the guy has to realize he is going to lose if she holds her ground and HAS TO HAVE her way.     

Also you do realize that property taxes will make your eyes pop out of your head. 

Years later, we realized what we missed out on by selling the ones we did as we'd have met our goal already if we'd have just dealt with the problems, minor in retrospect.  

I've come to realize if I stay active in the forums (trying to ask a question daily) there's no possible way I won't have the information and tools I'll need To succeed.

As you have to realize there are going to be bummers as well as winners. 

I researched the areas, rental inventory, compared prices and have learned a lot as a tenant which I now realized has passively taught me a lot about REI.

Yes follow up I would call them or email them a week or so after to see if they've changed their mind, if they're truly a motivated seller then chances are that they either realized that they were expecting to much or have now waited to long and need to sell even quicker.

I am closing on my first rental property and I am quickly realizing that I am missing this crucial piece of the puzzle.  

That could be loss of income or being forced to realize a gain all at once.Here is an idea:Why not offer to transfer the sellers note over to the new buyer?