Your legal remedy is to force the seller to close through specific performance, and if you had sufficient language in your liquidated damages and default language the seller may also have to pay your legal fees.

Self sufficient country people is who I rent to 

If the units are less than 1500sf each then the price per door for new units should definitely be under $4k per door without a quantity or off season discount. 

If you can get one of the tenants to leave before closing, you may be able to do FHA (3.5% down), but for a triplex you will run into the self-sufficiency rule. 

As for the humane part of this, I think 30 is the minimum and 60 should be sufficient for this time of year.

My reasoning is that your income may not be sufficient to pay for both the mortgage and rent for an extended time where you don’t have a Tennant during remodeling or someone isn’t paying their rent.

Thanks $1.5m is below the loan limit for a 4-plex in the SF Bay Area, but it's not going to pass the FHA self-sufficiency test unless the listing agent is completely incompetent and you're getting 40% off fair market value (good luck).Duplexes do not have the FHA self-sufficiency test, that's the sweet spot.

There is a misconception that "intent" is sufficient, which is just not true.

@Jessica HuynhWith FHA, you also have the ‘self sufficiency test’ for 3 & 4 plexes which is an additional hurdle that most can’t get over in higher priced markets.75% of the entire rental income must cover PITI, which is why a lot of multiplexes don’t qualify for FHA loans without a bigger down payment.The only way to get 10% down programs will be with local credit unions and community banks that offer portfolio/ ‘in house’ loans for owner-occupied plexes.

The Self-Sufficiency test makes it pretty much impossible to get a desirable property with less than 10% down.Single Family REITS have also greatly outperformed multifamily in the last years and now institutional players are getting involved.