Talk to a few lenders, find someone who knows what you're trying to do and can help you accomplish it BEFORE YOU START. rehab - shouldn't matter the scope, proper estimation is all that matters.

*Now I know that any final desition should go through proper legal counsel and I do not have this issue but I am really curious to what you would think :DNot my image, link to source

However I talked to somebody yesterday with development (but not syndication) experience who got me worried that this was not typically the case. 

If I found the right person I would also be open minded about partnering on a deal to re-develop the site.Thanks all.Tim 

I'm unable to recreate this issue, but I'm having my calculator developer take a look at this.

You also need to give them proper notice that their lease will not be renewed so if their lease ends Nov 30.. and it has a clause of 60 days for notice,, you'd have to give them notice before end of September of NON-Renewal..

If you don’t have a business plan my advice to stop everything you are doing and develop one immediately!

My weekly goals include 3-5 hours of continued development on my business plan to fine tune the tactical plans needed to implement my overall strategy, research my targeted markets, and run through "practice" investment scenarios.  

Being my first MFH I am not sure if I am making all the proper considerations.

I was a City Planner in the late 1990's for a municipality in Central Florida, and a Land Planner / Consultant for developers in the first decade of the 2000's.