It's tough to work with corporate seller's.However, there is a TON of investable inventory in the Atlanta market right now that is institutionally owned where there process is very ridged.

He has repeated the process in which you mentioned with success.

Wholesalers drag out the process if you go with a bad one. they are not buying the house. they only want your signature.

You sound like the brave side of the coin in that you did due diligence and respected the process.  

I got an estoppel agreement filled out to figure out lease terms, etc.

Neither do I, thats why i was asking the process :) Any education you have on Sub To?

It can be a long process if you don't narrow it down.

Because this property is located in midtown historic district of Sacramento, we feel there may be market for both MTR and STR, but first thing is we will target LTR and let 3 or 4 units filled in.When we first start developing this apartment from ground up, it was intended to flip and move on to the next project, with timing and interest rate etc.. we deiced to keep it as a cash cow for a while and see how things go.  

While I don’t typically work with real estate agents to find deals, I do collaborate with other professionals throughout the process.

I'd hate for a temporary dip in the quality of the tenant pool to be giving my landlord "spidey sense" false alarms on account of taking an extra month or two to fill a unit.