It sounds like there was a lapse in communication and follow-up from both agents involved.It’s important to review any existing violations carefully.

Your agent should be able to assist with this, but typically you need estoppel agreements to transfer the lease from the existing owner to yourself. 

Is your existing property that good, that you can sale within the timeframe near the price you want? 

-BRRRR is non-existent.  

You owe $65k to your existing lending.If you refinance, depending on your FICO, you get up to 80% LTV of the new value, meaning a loan for $80k.

This means the cost would generally be capitalized and depreciated over time, rather than deducted immediately as an expense.On the other hand, if you were simply repairing the existing refrigerator to maintain its normal operation, that would likely be considered an operating expense.

It will be difficult finding a second position lender on a primary purchase (IF THEY EXIST AT ALL).

Does this page no longer exist at BP?

But I agree with@Chris Fleming that the market is slowly becoming saturated with commercial multi family.  

Where these restrictions exist, they are recorded on the title.