Am I being naive, or how can that offer with the troubled credit paying over market and 2x security deposit burn me?

Since the time I was in middle school I've had a burning desire to avoid the 40 hour, 9-5 grind like the plague and have been unimaginably blessed to do so since I started my business in college. 

Can the one with the conventional loan still close if appraisal comes back less than $100K.Can they give you proof of funds to manage that appraisal gap.Any option periods for either...Does the cash buyer really have what I call cash cash, in the bank cash, dollar bill cash....or are they really borrowing the money....hard money....I see these crash and burn all the time. 

If the city/county allows the property to stay then one agency will want a letter from the city/county to say you can rebuild it if the property burns down. 

If they did, there are a lot easier ways to make a profit on that knowledge than buying or selling real estate.Financial obligations (bank payments + rent) as a percentage of disposable income is at a 40-year low.Although commodity price inflation has been severe, prices are just getting back to 2014 levels.The average household wealth of the bottom 50% of households is at a historic high...there is no comparable period whatsoever.If you back out real estate gains, net worth is over 100% higher than pre-pandemic levels for the bottom 50% of households.Bank deposit balances of the the bottom 50% are $10,000+ and $3,000 above pre-pandemic levels, and kept increasing in 4Q21 after 3 quarters of increasing inflation and lower fiscal support payments.Government unemployment insurance benefit payments have trended to near zero.Nominal wage growth for the lowest income quartile is growing at the same pace as inflation.2020 had large gains in real wage growth; so, even though real wage growth is severely negative for the past year, the 2-year trend is break even.If real wage growth is -1%, it would take ~6 years to burn off the excess savings of the average bottom 50% of households. 

A couples house burned down.

That will burn off over time. 

If you have a tendency to let the money burn a hole in your pocket, leave it in there!   

Honestly he was lazy but also burned on managing student rentals.

Those areas will increase your net worth at a much more rapid rate, but it's a slower burn.