If they are not happy with that there is nothing you can do to change it, it becomes set in stone, and the easiest thing to do is get rid of them.

I would just get the basics: sofa, coffee table, a set of pots and pans, dishes from a local discount store.  

Should I sit out of the RE market, hope I don't burn through my capital, waiting for the next downturn and set of opportunities then?

If you could Private Message me here and we could set up a time to talk, I would really, really appreciate it!

Is it set up like a traditional deal, just with the seller as the 'Bank', or are there other steps that need to be taken?

So the solution to the time-crisis is to set up sources of residual income.

The cap rate is set by the local market.

I recommend if your exchange is remotely within those dates, to go ahead and get them on the calendar with advance reminders set up because we all know that anything can happen that could delay a closing and with accountants now filing online, mistakes are easier to make.  

This is what I'm set to do.

If you want to help someone out, I need some extra cash for financing another property to set up my two beautiful daughters for success later in life.