Be patient, save more, buy a smaller place, move somewhere more affordable, get other streams of income, house hack, cut your expenses. 

That's time for a new negotiation and they will likely buy your Option back from you.You can also sell or trade Options for cash or anything else you like and they are great to hold in retirement accounts too.I currently hold an Option which I paid $4500 to the local County for the owners delinquent property taxes to save his house from foreclosure.

They are expensive, we've paid $1,000 to $2,000 a day and the perk and probe is a 2 day affair.The soil scientist credential is a 4 year college degree taught at Penn State. 

Hi Michael, House hacking is a fantastic way to get started in real estate while also reducing or eliminating your own living expenses.

Just make sure you have a rental agreement or lease in your name because you are required by FHA to have a housing expense in order to use the 75% of rents on an upcoming purchase. 

Isn't that kind of expensive ? 

for rental property, also will i be able to payinto that or is it more fixed to compartmentalized amount. for a better expense ratio on the 5-10 grand

The taxable gain will be paid at the end of the 30 year deferral period, while the 1031 Exchange allows you to continually defer the tax and then the investor generally receives a full step-up in cost basis upon their death so that the taxable gain completely disappears.  

There is no language in a purchase contract that gives the seller rights to ANY inspection report paid for by the borrower and/or required by a lender. 

You will be able to claim the expenses (i.e. depreciation, property tax, utilities, etc.) still every year but the rental loss will be limited if you are not a "real estate professional"