They may be willing to give some kind of additional credit at closing to sweeten the deal.If you back out, you may be losing part or all of your earned money deposit.Best of luck to you moving forward!

My niece works for relocation company and they earned a good reputation by their successful customer service.

@Caleb Heimsoth - I joined BP in 2016 so apparently I could not have said for 5 years...I understand you are NOT in California, so I don't blame you for what you said...For those of us in Calilfornia, our market peaked in mid 2018 and has been down the last 18 months, exactly what I thought back in 2017... 

The five year rule is Primarily for earnings and rollovers/conversions.  

Let's say you earn $50k a year because of asset management.2.

Also, would there be any taxes on the equity earned from selling our current residence since we would not be purchasing another home using that equity gain? 

My question is about how I go about paying out the interest earned. 

So the IRS says well if this will earn income for 10 years, instead of deducting it's total cost in year one...we should match it up and deduct 1/10th each year. 

Now you get a lot of new listings in the spring, and you also get a lot of new listings in many markets in the fall after peak season.

I'm interested in learning about foreclosures, lease-options for now , but open to other areas of earning Realestate.