While this has given me a lot of background experience on the lending side of real estate it has been a very high stress low reward job. 

With a million dollar down payment you could find something that won't stress you out as much as 20 SFH's half way across the company....just my two cents.

It's certainly do-able, but you do have to have a minimum level of familiarity and comfort with real estate, and the # of wholesale deals I've done that have become complicated/hairy/stressful far outweighs the ones that went smoothly :)You might be better off paying a small amount to sit through the real estate pre-license courses they give to new agents, just to get familiar and comfortable with a wide array of real estate terminology and issues (as well as get a better understanding of how real estate agents/brokers/etc. work).

As said before its up to what type of investor you want to be and how much stress you want to deal with.

Wow, what a horrible thing to happen at such an already stressful time.

This is a sticky situation, you may just have to work with a different buyer, I'd tell him to make me a cash offer or find another deal, never let them control the deal, I can't stress that enough. 

With a turn key company your profits will be reduced because you'll end up paying more for the property, but you'll save a lot of time and experience much less stress (especially as a brand new investor). 

When money gets involved, not everyone handles the stress in a constructive way.Considering your broker is the listing agent of the condo, she knows the seller very well at this point. 

Turns out he is not liking the stress that comes with being a landlord from out-of-state.

It's almost like Post Traumatic stress disorder with my experience with credit and financing.