And the leverage can then be used extensively to maximize net ROI between the two properties.2.

All other aspects of the deal remain attractive but we couldn't get comfortable taking on the large project without having someone in our group who was closer to the park.We have an extensive set of diligence documents that we gathered during our ~2 month inspection period.

She ended up losing all of them in foreclosure and filing for bankruptcy.The damage from the housing crisis — a toxic combination of frenzied buying, rampant construction, predatory lending and investment excess — was extensive.

After about 1 month going back and forth, they asked for an extension to pay because they had questions. 

@Leroy Feireira-shearin They don’t tell you it’s very time consuming and marketing is very extensive.

He says previous owner gave him extension cord that started fire.

Making 63k and paying 6k in rent allowed me to save and travel extensively (Went to to Egypt, Australia, etc.). 18 months after graduating from Berkeley, I bought my 5/3 house in DC suburbs - Virginia and I was making $70k+ and collecting $2600 rent to pay 2000 rent (1500 piti on 255k house) and utilities.

You can also try to negotiate one or two extension options in the loan (you will typcially have to pay an extension fee and meet certain requirements to be able to exercise the option)

If at the end of the day you cannot obtain a solid answer to your question, I would not move forward until you know for sure what can happen, or at a minimum request an extension to the due diligence period to research further. 

Their lease is coming up next year and I want to start discussion on an extension.