They simply didn't want the property anymore due to the extensive legal issues that came with it and their father's past.

If you are new I’d spend the next 2-3 years saving money building up credit and learning via reading and podcasts to figure out what you want to do in real estate, flips, buy and holds, buy notes, private money lending, or anything else because there’s dozens of ways to be in REI. 

I even got the yes from a private money lender to front me the down payment being that I qualify for a FHA Loan.

I would be happy to have a private lender to loan me at 8% annual. 

You need to vet them extensively. 

You can also ask for a loan extension which you should do.  

If you are using a standard CA sales agreement, you probably have your loan contingency in place still.Your realtor should be working on asking for an extension to buy you time.

Along the way, others have opened my eyes to also storage, mobile park, NNN, and private equity real estate funds. 

Has to go cash or private at that point.

I have 3 properties with loans in my name and 6 properties with commercial and private loans in an LLC.