I'm going to chalk this up to a loss and move on.

@Aaron BitnerWelcome to Bigger Pockets.

That said, i would not recommend anyone in this market to accept anything with less then 1% EMD of the purchase price.If you look at the from the seller perspective, you have a buyer who is not even going to purchase your home but hopefully assign it to someone else and can walk a way with $0 loss, i would not take my house of the market to let this person "try" to make money.As a seller, i would also expect Due Diligence Money.

If it were me I'd keep it because I'm not a fan of leveraging to the hilt but there are many on Bigger Pockets who will disagree with me.

I am not afraid of work and I look forward to it, I’m just stuck wondering if I should not be patient and get a smaller deal quicker, or be patient and save more to get a Bigger deal later.

I’d HIGHLY recommend the bigger pockets book on managing rentals.

I’m adding the info I get from Bigger Pockets to create a vector of which direction we will go.

Any creative ideas to minimize this loss now? 

There are a couple of us CPAs here on Bigger Pockets who can advise and help with these kinds of returns. 

hi, Bigger Pockets,    i live in Dover de.