Have you developed a follow-up system?

Secure bank financing on 1 of the houses for $50,000 which would clear his debt.

If you are unable to secure a better price you may want to look at higher deductibles to see if the savings is worthwhile. 

Costin,I agree, and I do have my process and system set up for management and investment strategy.  

All parties agree that termination of this agreement without prior notice before December 2019 will constitute breach of the tenancy as agree on Page 1, and all security deposits shall be forfeited in favor of the Owner as full Liquidated damages at Owner's option following termination without notice"So.. what are my options?

Good mechanical systems, plumbing, electric, kitchens and baths.

We finally just developed an in-house system for our own use that has worked out great and given us a marketing list that no one else has (or only a few people).   

I think for a lot of these folks getting started with the no's you need to have a system to track those and drip them.. we did it with Telemarketing.. people in the country ( not the city) rarely got telemarketed and enjoyed our calls as strange as that sounds.. 

Take the guy I used to work for: He got a securities based loan, paid off the balloon, pulled ALL of his cash from the bank (including his IRA) and went on his merry way.

As for the money, $5K might not be enough to pay for the closing costs let alone a down payment or even a security blanket if something in your personal life goes wrong.