This was also confirmed when I went there to submit the required documents, but they couldn't give me a proper timeline on when it would happen claiming that they were backed up. 

First you need to learn to separate the following:Maintenance: usually things related to wear & tear or tenant damage.Repairs: usually broken items like doors & windows, caused by tenant or nature.Capital Improvements: usually expensive things that wear out: hot water tanks, furnaces, roofs, etc.The seller is correct that Repairs & Capital Improvement items should not be a factor for awhile (ALWAYS get your own inspection to confirm).

I read on JP Morgan Chase's site that they could do the same, but I just haven't spoken to them yet to confirm.

HEY HEY HEY, I want to now confirm to you that they are a scam.

It’s a good idea to confirm you have a path to record title in a way that’s financeable, even though this isn’t a standard fee-simple sale.The big question is whether it’s reasonable to pay a market-rate price when you’re not actually scooping up the land.

Be sure to take high-quality photos, and if possible, request utility records that confirm separate billing for four units.

I conducted title searches to confirm there are no liens and double-checked with the county to ensure there are no outstanding debts.

This is the kind of confirmation that hard work can absolutely pay off. 

The iconic burger chain has confirmed plans to open its second-largest location at the BLVD shopping complex across from Aria.

During your initial walkthrough, inspect the property for any major issues such as structural damage, roofing problems, plumbing, and electrical concerns, while documenting all cosmetic and functional issues with detailed photos and notes.Once you confirm the property’s potential, finalize your ARV and calculate the repair costs using either a reliable estimator or insights from contractors.