They guide me through each deal because each deal always has some kind of surprise or something to learn. 

Surprise surprise they could not get approved for anywhere else so the seller rented a uhaul for them to move all their stuff into.

If your rent is way under market for comparables, they might realize the value they're getting.I doubt they would be incredibly surprised at a small rent increase if they knew the building was for sale.How much longer is their current lease?

If not, then Im not surprised that the owner rejected your offer since not only he has no idea about the value of the property , he also has no idea about the repairs.What you need is something to backup your numbers and then let the owner make an informed decision.Good luck!

And I understand that traditional refinancing is basically no longer an option.Also, I'm a little surprised no one has mentioned the benefits of paying in cash.

That is another legal issue in itself but to sum it up it looks like my aunt will receive money that is best meant for other situations and possibly my grandmothers ex husbands family will receive money as a surprise.

If you can get out without losing money I'll be very surprised.

Talk to family, friends, neighbors about what it is your are trying to accomplish and you will be surprised at what you find out.

You may also be pleasantly surprised with the ability to get a loan that'll work.With a lender and agent lined up, by the time you hit the 24 month mark, you should be more than ready to start.

If you find markets that are only marginally better than your home market, I would stay at home and enjoy the local knowledge and convenience of being close to your properties.Mike