Yes, it's a 10-year declining dependent up on your term length and amortization period:  What You Should Know About SBA Prepayment Penalties | Pursuit (pursuitlending.com)

If the new owner brings the property in compliance before the 90th day, then the new owner is free from the strict liability, even if a child is identified with lead poisoning during the 90-day period.

If the money is not there by the end of the grace period a rent demand notice gets posted on the 6th.

That does not mean you cannot make a good return, it just means you have a highly compressed period of time to do it.

I would have no way to stop the Bank foreclosure during the HOA redemption period and could get wiped out. 

I’m currently buying a 6 unit that will cash flow 5X the amount in a short time period compared to the garage conversion.

But use BRRRR and legal entities in such a way that you don't want to wait for the seasoning period, and you can BRRRR every month.

Period.

Are there buyouts or bail periods negotiated and written before beginning.

The financing contingency period is up tomorrow and it looks like they are going to back out, so I guess we will put the property back on the market as a cash-only purchase and see what happens.