In working to get insurance, I found out the home was not insurable and I wouldn’t be able to complete the repairs in under 30 days to get it insured because it is currently tenant occupied until the end of the lease.I notified the wholesaler that there are some issues here and I would either need to buy it with cash (as intended) and leave it uninsured while hustling to do the roof, AC, and electric panel in under 30 days (a little tough to do with the permitting of a roof in Brevard county, FL right now).He said he’d check to see if any other buyers were interested and would “consider” refunding the assignment fee.

The danger of this, unless you have A class tenants, is that the current tenant may not be willing to leave at the end of the lease and now you have an occupant, and a signed lease with a new tenant!

I still had a concern with the expenses and it was easier to pull up the property so I could look at the information.Property taxes are determined by using the Assessed Value given by the county assessor. 

That would absorb the entire 1031 and leave you with more options at the end of the day.

Additionally, if you are leaving a home that is co-owned you may qualify for a second FHA loan.

It seems to me(and I am no expert) that just paying off the mortgage early would be something to strongly consider (option #3) and leave your LOC alone. 

@Jordan Moorhead -- Yes, the population loss is my biggest concern and the main reason why I wouldn't invest there (hence this thread). 

If a meeting venue is ever a concern, my wife and I would be happy to host a meetup at our home in Ballentine. 

I think at least raise the concern, and it will at least get the idea in their Head you know of the issues, $50k is no small amount, no matter the size of the deal.

Escalation clauses can sometimes leave a bad impression on a seller, and it boils down to how effectively the listing agent will communicate the offer.