I am interested in acquiring rentals in my neighborhood and doing L/O's. But I have a more immediate problem. The house I'm living in is for sale. Two small homes on property, listed at $127K. Seller living in other larger home. Seller moving for climate/health reasons. Needs cash to buy replacement home. I have $12K income, $2K cash, and bad credit (student loans and a failed business startup). For sale sign went up Friday. I wrote an offer yesterday. Two other offers have come in and all will be presented this afternoon. I've become emotionally attached to both the property and the neighborhood. How can I make this work?
