Learn then maybe tackle something like this.

Ths is different then a pyaoff letter which you request from the lender which they send you or a title company with the officail payoff amount for the loan

By staying adaptable and informed then study it and make decisions. 

BiggerPockets has a section just for this, Under the BUILD YOUR TEAM tab- then select- MEET UPhttps://www.biggerpockets.com/forums/521This is the best way to learn from investors in Houston and what to expect on the market.

So if you want more info then private message me and I can send you more info on them.

You would calculate an even payment the corresponds to that and then back into your sales price and term.

If you trust in this property, the inspection comes back all clean and its truly something you want then there is no harm.

reaction.A $500K building should be bringing in $5k/mo. (1 percent rule)If is bringing in $3700/mo total then it is either under rented and the rents need to come up, the building is over priced, or it is simply a bad deal. 

I'm not a lawyer, and I'm not in your state, so take this with a grain of salt but-If "accepted an offer" means that you signed a legally binding contract that doesn't provide you with an out, then the short answer is no, you cannot legally cancel the sale. 

there are costs to close on the buy, costs to hold, costs to finance, and then MAJOR costs to sell, plus...