You will look back several years from now and realize how far you have come.Aristotle said that 95% of everything that you do is a result of habit.

Once I realized this was all I had to do, my life go so much clearer.You'll get a little better each and every day, the thing is just to never give up.

What people fail to realize is the grace period isn’t moving the payment date.

Ultimately, it makes little sense to sell the house you're in now for 850k if you're going to have to turn around and buy a house for you to live in at say 750k to 850k because thats where the price point is in your area for a home that you will be satisfied with.Your best bet then would be to stay where you're at and get a heloc and use that bo buy the 280k rental property. 

I did not realize it would be this complicated just to get earnest money. 

Can not be done.....research how transactional funding works and you’ll realize why.

I'm not an insurance professional but I am a real estate investor/manager; which ever route you decide I would just highlight that you are getting insurance for a reason and it defeats the point to have 'coverage' that will not cover you when you most need it or go with a company that is not stable to support your claim should you ever have one - Me personally, I'd rather pay a bit more for absolute coverage that to pay cheaper premiums and one day turn for help from my company only to realize that they won't.... but the premium was cheap.

I realized it wasn't a good deal even though the price is really low.

I realize just because I read it somewhere in a book, that doesn't necessarily make it correct, so thanks again for pointing me in the right direction!

This may be a matter for legal counsel and financing source since you will have to determine how the funds are transferred and who will ultimately "own" the property & building(s).