It's a bit last minute to me too, but I'm definitely interested in joining you guys.Over the weekend (if possible) is a bit better for me, since unfortunately I still have a day job !!!!!

I did contact her to see if she would be interested in private financing for a higher amount (was thinking I could do as has been suggested here, then logged i today and saw that almost exactly the same thing was posted as a possible solution, so im waiting for her reply.

Comps comprise several factors:locations within x miles of the subject (as close as possible)square footageupgradesviewswaterfront vs no waterfrontlot sizeageThere may be a few more as well.If they have sales in the same community that are similar those will be the best comps.

Welcome George.Being fairly new here my self the best advice I can give is read as much information as you possibly can on Biggerpockets, listen to podcasts subscribe to the youtube channel.

The first thing that comes to my mind is to reduce expenses and bring the P+I down as much as possible to reduce overhead and provide a cashflow buffer.

I would check with other wholesalers and possibly talk to a broker.  

Even with two possible outcomes I won't be left holding a worthless note.

I'm interested in SFH's and possibly some small multi-family. 

@Chandra Broughton Since this is my first time buying real estate, I wanted as much protection as possible.

OK possible but hard(er).