Investing in real estate carries some level of risk, so it's important to understand your own appetite for risk and choose investments that align with your risk profile.It's also a good idea to do some research on the local real estate market in the area where you're interested in investing.

In MA, some of the local banks might be willing to work with you, but will they have the heft, experience and appetite to underwrite $90MM?

Depends on your investment goals/objectives, risk appetite & whether you wish to be active/passive.

Whether it be a renovation project, remote geographical location, or some other "hassle factor" that suppresses buyer demand, you're not going to check all of your boxes if you want a good return. 

Not long ago, there was no such thing as dscr loans, rates were only moderately suppressed at times, and much real estate was undervalued-(affordability-wise) still equalizing from the downturn, oh, and we didn't have a global situation which caused widespread disruption and general concern.

You can determine what the market demands by talking with investors you know about their general appetite, looking at other offerings, and networking with other sponsors to see what the market norm is.

Bon Appetit magazine called it one of the top emerging markets in the U.S. ....I turned it over to one of my vendors when I left Atlanta and it's still going after 3 years.

I'm sure you'll be able to find the right market that fits your risk appetite and investment needs. 

3) Since the deed has not been drafted/sent, can I rescind this transaction, as I won't have the appetite if this turns out to be a long drawn out court drama?

It's a bit of a balancing act – you'd have mortgage payments, but you might be able to acquire multiple properties faster.The decision often comes down to your comfort level, risk appetite, and goals.