Lots of cash buying in the area.I have also seen some financing buys that must work out to be pure equity/appreciation gambles in that area.In the event that you DO fine a price point that works you will likely have to compete with a favored cash buyer.

Purely negotiable, what did your accepted contract say?

I realize my post is a bit different from the pure investor stand point, but I thought it may help give you some insight. 

Even in this bubble, there are investing opportunities out there.Taking out a HELOC purely to cover an anticipated future shortfall in income, will never get you "bigger pockets"!

Since you didn't provide many details, the answer to your question is really "it depends".However, I will say from a pure financing option point of view, I am a big advocate of home equity loans (used correctly). 

The next owner might see more value in the land in they can go either pure commercial or mixed use.But man I gotta tell you, this is a VERY speculative deal here with a ton of risk that you could get stuck with it.  

Good luck, ask lots of questions - this site is pure gold!

It seems as though it could be a high price if you were to use it as purely an investment at investment rates.

A RE license is one of those tools, just as is Deeper Pockets.To be, or not to be (licensed), that is the question (forgive my indiscretion, Bill).Reason #1: Pure and simple—ACCESS to insiders' knowledge.

We invest in both personal properties turned rentals when we are transferred and pure rentals.