If not, I'm not sure you have any legal standing as you have not given any "consideration" to execute the contract you signed.I would make sure that your binder contract has an approximate move-in date, or time period after which either party can walk away if the unit is not ready.  

Couple that with finding a good employee... it's REALLY hard to find a good employee who works remotely.It's hard to figure out if someone is putting in their hours, doing a good job, doing all the work you require. 

As for retirement, I earn a pension when I retire, I currently max out my deferred compensation plan (457b) with 18,500 a year and just recently opened up a Personal Roth IRA with intentions to max out with income made from loan origination but put it on hold until I can figure the best situation for what I am trying to accomplish.

@David Zheng Thank you for your input, I know real estate is not easy or everybody would be doing it and I'm not giving up but still people make it seems like it way too easy to get into it cause I'm trying everything I can to get into it but everything I try to figure out has a wall that says you need a work history in order to get loan etc.

Maybe one of the agent’s friends goes online to look at the agent’s listings, figures out which one it is, then passes that info to another one of their friends.

As for retirement, I earn a pension when I retire, I currently max out my deferred compensation plan (457b) with 18,500 a year and just recently opened up a Personal Roth IRA with intentions to max out with income made from loan origination but put it on hold until I can figure the best situation for what I am trying to accomplish. 

I chased court records concerning the property for a while and the best I could figure is the land has a home on it that the person took ownership of it by heir but several people within the family had portions of the property.

Sometimes it can be hard to figure out why someone succeeds and another fails at it.97% of small businesses that fail, do.so because they are not properly capitalized.

Down payment would have been about 8k, annual taxes in Albany, NY for this property are 6200 (with star credit) and then closing costs were approximately 3% (6210) of the loan amount so in this case all cost would have come to 20k which we do not have at this time.

..not saying I'll never work again, but would like to become financially independent first, so I can take my time figuring the rest of my life out.