The restaurant currently does over $1 million in sales annually, and they’re only open 5 days a week for dinner.

Tenant estoppel letters should be used in the sale or purchase of any tenant-occupied real estate, whether residential or commercial. 

Congratulations on the sale.

(Does any other wholesaler have a stake in this sale as well as you?)

I am not not super familiar with the auctions or sheiff sales, but if you are interested in NW Indiana consider connecting with @Eudith Vacio who has some property in East Chicago, but works that NW Indiana Coordior and is a top agent!

First, see if you can negotiate replacing the sale contingency with a longer escrow or loan period.

Quote from @Sarah Rhee: I have a real simple rule for investing: never sell an investment unless you can move the money to a better-performing asset, or if the sale will move you closer to your goal.Your situation doesn't meet my rules.

A CT licensed atty will need to be used to close the sale of the property. 

- What are some methods for projecting cash flow from home sales and determining an appropriate discounted cash flow (DCF) rate?

I have a group chat with my tenants that time stamps all communications, and have handymen, plumbers, HVAC techs, etc. in town that communicate well.