I currently live in the Midwest and, due to circumstances, house hacking is not an option for me.

What would be a circumstance where I would be allowed to be compensated?

The whole area was neglected in the past but is having an insane about of public development that I fail to see how it wouldn't continue (near one river north development, mile high station redevelopment, federal blvd greenway, federal blvd BRT, Morrison Road redevelopment, just to name a few). sorry for the long post I kinda just spilled out my whole thoughts on the area..

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They neglected to mention that SROs (single room occupancy, aka lodging house, aka rooming house) also means likely very high maintenance, necessitating supervision and hands-on management.The property had just dropped out of contract because the first buyers couldn’t get bank financing.

Even with supposedely wells creened tenants, you never know when they have a life circumstance and someone loses their job, dies, gets sick, divorced, etc and everything changes.

Conversions get very technical and can trigger specific requirements based on various property circumstances. 

If you have a partnership structure or some other facts and circumstances around the loan that indicate you are extending it in the capacity of a trade or business, it will be considered ordinary income.Keep in mind that the tax rates will not differ between ordinary and passive income unless you sell the loan for a gain/loss.

So for most people, most circumstances, most situations, realistically your cash and rehab is held up for 2+ years. 

Feels a bit like a Hail Mary given the circumstances though, and I am wondering if it makes the most sense to just lower the price should it come to that if nothing happens in the next couple of weeks.Thanks again for your input!