Qualified BuyerAs a flipper, I was counting on a banker's approval letter as confirmation that the proposed buyer's credit had been reviewed and (that for that moment) they qualified for the loan.

No contingencies, this was just a proposal to purchase form.

I'm on the rental services commission and I'm frequently going back to review new legislation to ensure we're doing things correctly.

Very true @Dennis Mears, the market could support probably 250$ more based on my research (only 2, 2 bed houses for rent in the whole city, and they are going for 200$ more than my proposed $150 more price.) but vacancies are expensive and having them been there 3 years they must be decent, just some bad habits from previous landlords 

In terms of a 2nd loan, what would the proposed length of term be for the buyer?

Hi Arey, I would suggest doing exactly what you have proposed above. 

@Naveen KumarWhat you propose is not allowed per IRS rules. 

He stated that OP is not working up to his expectations and let many of his investors down, in order to remedy the situation he proposed my property transfered to Blue Sky - his own management company assuring me that he will finish the renovation and rent it out.Kate Federico from Blue Sky took over in April 2018 - after few days she reported that the property is 70% completed.

Regardless, the Board adopted regulations that all but eliminated our options to rent the place, including a proposed $250 fee per rental for "administrative costs" and requirements that renters sign an extensive agreement about what they could and could not do on the condo common grounds. 

I want to propose seller financing to the owner for the 2nd building, if they agree I have no idea what to do next.