If I were in your shoes I would attempt to contact the seller and at the same time contact the local law enforcement agency.

It makes no sense for you to be reading how to manage real estate right now unless you have the capital to buy some.If I were in your shoes, I'd be working on figuring out how I can get a high paying job out of university that will help fund your own investment company or getting a job in the RE industry so you can build a network.

Or if you've done a lot of painting and see that someone's got paint on their shoes, you could use that as an opening, etc.It also helps to have a few "canned" conversation items like "how long have you been coming here", "do you own any properties (and of so, tell me about them)", "what did you think of the main speaker" etc.Yeah, they're all gimmicks in a sense, but I think most people do it, consciously or unconsciously, because I think it makes most people feel more comfortable psychologically when they find some common ground to start talking with.Those are just some thoughts.

*Not an attorney here* but depending on the state, you can usually back out of the contact as the buyer (or wholesaler) up until the closing date HOWEVER, this is very highly frowned upon (just put yourself in the seller's shoes and you'll understand why).If the problem is finding a buyer, you probably do not have a deal, unfortunately!

If I were in your shoes I would try to find the highest paying hourly job I could to build my base. 

If you were in my shoes, what would you do? 

If I were in your shoes, I'd save up as much as I can until I have around 3.5% of whatever it is I'm looking to buy (I'd suggest a duplex, or a house you can rent to a bunch of buddies and you live in one room).

Base, casing, shoe molding, crown, chair rail and Misc.For my house I carried $950.00.10.) 

You charge an assignment fee to allow the investor to step into your shoes in the original contract. 

I'm the shoes off at the door type so I would probably lose my mind anyways.