Thankfully before I ended up pulling the trigger, someone shared the whistleblower article on these forums...

Though the area is land locked because of an older Farmer.

you can pull the trigger on the project by getting a construction loan that will refinance that will pay off the seller financing and provide 100% of the construction costs .

Featuring brand new roof, new windows, completely new electrical system, completely new HVAC system, brand new plumbing inside the house, and all new designer cosmetic updates, luxury inter-locking vinyl floors & luxury stretch ceilings with recessed lighting & full landscaping with new sod up front.

I either have to spread it after I use it or keep it in a locked file cabinet (which they actually looked for the locked file cabinets in my office). 

.- The other partner has two options in response to triggering a shotgun - they can either accept the offer for a buyout, OR they can in turn buy the OTHER partner's interest at the offered price. 

Background information - I have secured the property, have changed the locks, and the previous owner has not occupied the property in over 5 years and has mostly likely moved in with her daughter in a different state according to the neighbors.

A few years ago I locked into one of these loans for 5 years at 4%, also on an investment property loan that wrapped two properties and pulled cash out to 75%. 

At least you should not be, if you pulled the trigger properly.

Get the loan approved and don't lock rate as you have 12 months to get all the pieces lined up and approval from planning.