We then come in as the equity investor to cover out of pocket costs (inspection and appraisal) and holding costs (6 months worth).Used correctly leverage will boost your returns while allowing you to shift risk to the 1st and 2nd mortgages.

She signed a contract & has a moral/legal obligation to fulfill it & her credit would be screwed.

Moral of the story, don't give up on deadbeat tenants that owe you money.

 @Anne Morales  Welcome Anne!  

I traded mostly vertical spreads during times of high volatility, which as I'm sure you know boosts the premiums you can get, which in turn increases your probabilities, while defining my risk to the downside.

Although I did just check my boost points for the sake of this post.

Moral of the story, you as an investor MUST get either your price OR your terms OR both for the deal to be a deal.I hope this is more the kind of answer you were looking for.

Can't really help you other than, consider yourself morally supported. 

As an agent, I refuse to take on an investor who wants to buy a condo because I morally feel it is a bad investment.  

I plan on heading to the recorders office in the morning to see if we can figure it out - if we can secure the lot to pair with the property it will be a great boost for sale price afte.