Thanks Robin, the low 9% interest rate on the loan I assumed was because it's is a no-ratio DSCR loan, which carries a higher rate than standard DSCR loans with a 1.25 ratio.

What can I ask in terms of how to carry the animal around to prevent anyone else complaining of allergies and such?

For example, now incur 3 months of carrying costs and then have to sell for $20k less those extra costs are your damages that you could claim against the seller.

That is why Im looking at doing the whole deal cash only, since financing would bring high carry costs.

Quote from @Carrie Matuga: Rates are fluctuating some.

I have offered that and they do not want to carry anything for more that two years.

I live in NP and walk a lot and see many properties with wholesale potential.If you can be successful in the watch business my guess is those behaviors are not binary and will carry over.

In the end...they know that the LLC likely carries some form of liability insurance as a condition of their mortgage, thus will have some decent funds to pay out. 

My questions, that still haven't been answered, are the numbers for taxes, rent, and insurance to see what the CF might be (+/-) after the buyer gets the end loan to carry with.Also, I agree about the cost of rehab, and the lack of wiggle room if this was to be a flip. 

Any remaining losses are suspended and carried forward indefinitely until such time any new passive income can be used to offset the losses.