I can't relate to that so I'd suggest doing what you need to do 

- I'd recommend you look into a cash-out refinance for a situation like this.

Im looking for rental or flip deals in 100K-150K and I'd love to connect, hear and share recommendation of areas to invest and professionals to work with.Please feel free to send a DM.Thanks and Good Luck to all of us,Itai

By canceling your contract and directing the buyer and seller to execute a contract, I'd worry about that being considered brokering.  

Without trying to sound like a dating website, I’d love to connect with like minded people on their thoughts and views of the industry and different markets - either in Chicago or elsewhere. 

That last one will be the hardest for me, I am not usually a social person.

My attorney charged a significantly lower settlement fee but if I didn't use Lennar Title, then I'd forfeit my incentives... a practice I despise among builder's lenders, but this is how they trap you into using their AfBAs. 

Although I am not in your market, I would say this could be worth it if the comparable sales support it.

Yep, you need to cover all utilities, though it's becoming more common to put a cap on certain costs, primarily electricity, although I've seen caps on gas and water in areas where those utilities are very expensive.

I can agree 200% with you finding land is ALWAYS the hardest part from what I have been involved in and seen.