In other words the homeowner can not sell the property any other way (typically because either (1) they owe more on the property than they can net on a conventional sale or (2) the property will not qualify for financing in its current condition or the current economic conditions.  

Hahaha so your theory basically whatever happened to Fed rate residential real estate keeps going up , this point I mostly agree …but you can have condition that they keep the same while company profits depleted and more layoffs. 

The primary concern with using commercial financing is it typically features a short term, long amortization and a balloon that could be problematic if you cannot afford to refinance due to market conditions at the time the loan becomes due. 

When buying, you should have a good idea of the condition of the home and what major expenses are expected in the near future (eg roof, HVAC). 

If Buyer obtains a loan for any part of the Purchase Price of the Property, Buyer acknowledgesthat any terms and conditions imposed by Buyer's lender(s) or by CFPB Requirements shall not affect or extendthe Buyer's obligation to close or otherwise affect any terms or conditions of this Contract."

So, if the other properties are smaller, or in poorer condition, etc that will be reflected in and adjusted for as part of the appraisal process.

@Emiline Lyell - Do you have pictures of the unit beforehand to show the condition?

Our low cost living, weather and current interest rates make for a very interesting investment in the area or in Florida in general. 

Especially post covid with all the supply chain issues that followed.  4-6 months is a much more realistic timeline and if the builder is off any worth you might have to get in line.  4-6 months is assuming you have closed on the property, permits are in place, a contract is signed, and the weather allows me to start today.  

If a tenant is damaging property or causing a hazardous condition, that would be something you can enforce (I presume your state laws have prohibitions in this regard, or your lease agreement as well).