I'd like to hear more about what type of property and how extensive a remodel you are planning on doing on each property.

We have a lien on both the property and the MUD receivables, There is a 3 month extension period with a buy back penalty of 1% per month and an equity kicker for us in the development LLC.

This person did leave peaceably, but I did give them a couple short extensions on the time frame.

Lower rates, lower fees, they do however take longer to close so I strongly advise an extension option in your contract.If one of the above is an issue, then private lending is an option.

It was also a surprise because this was a "as-is" property and when we got in we saw there was extensive flooding damage in the basement.  

We were under contract on a property pretty quickly but after numerous extensions the deal fell apart. 

Idea would be to restructure terms and give a 2 year extension of I/O payments for the borrower in hopes he could secure financing.

However, this is the military forum so I will add this: If you were moved out of the area on military orders you get a 10-year extension on the 2-in-5 rule.

Upon the expiration of the Lease and any extensions thereof, Tenant shall surrender the Premises in as good of state and condition as they were in at the commencement of this Lease, reasonable wear and tear from ordinary use excepted.The issue here is there is not mention of a $$ for a Penalty. 

There are a number of great CPAs here on BP with extensive real estate knowledge.