Luckily, in a city the size of Killeen, I'm sure you can find someone to replace him. 

This fee is typically between $500 and $5,000 on average -- or more depending on the size of the deal.

Also, what size is the lot?

You could learn about self directed IRA's and approach people that you know who have nice sized retirement funds and tell them how they could earn 10% on their money by becoming a private lender on a house that you want to buy and flip.

My plan was to convert my entire 401k plan to Roth, and remove a portion of principal to pay a down payment on a property.

Occasionally landlords will pay our fee or a portion if the project is new development or they're looking to get a lease signed quicker.

There is nothing to buy the size we need in the area as the rentals.

Second choice would be #3 to rehab it if there is enough to save.2nd question - see what some similar properties have sold for of similar size and amenities and compare them to the price he is offering.  

Hello,Many years ago, my family helped me purchase a house and gave me a portion of the downpayment.

Browse through those as well, and you'll likely formulate something that will work well for you.With that said, the direct marketing portion of wholesaling can be a lot of fun.