@Bob E. thank you  for the insight on how to approach investors and business professionals. 

But should you ever need to talk or e-mail just reach out.

E.  

An appraisal usually matters most to lenders.If the PSA has a clause like "property must meet or beat appraisal" or "contingent on financing rate/terms acceptable to buyer" then you may have an out.If not and you've got a p***-poor buyer broker, then if you want out, the E/M (again READ THE PSA) may be in jeopardy of being surrendered if the buyer walks. 

Would now be a good time to buy real estate, or just wait for t h e market to go down further?

Property #1 went into service 2015 so the way you accounted should have changed on the 2015 return showing on Schedule E, maybe this CPA called you a rental dealer??

@Stephen E. thanks for the great feedback.

I know a vet who got out as E-5 and house hacked quads and triplexes using VA (I think VA jumbo loans) and made a load of money.

@Wade E Wiegel I’m an investor local to Beaufort SC and would love to learn more about your property!

Hi @Kadeen E Lyons  Thanks!