I'm trying to get a sense of whether your seller wants to get this done as badly as you probably do.If so, then your offer of 20% down ($3M) certainly seems reasonable and shows good faith.The specific note instrument the sellers signed when they originally took on the $9M debt will specify whether there is a "due on sale" clause or other language that might prevent you from purchasing the portfolio subject to the existing debt.

It was beat down and ugly with a ton of preventative maintenance that was neglected, especially with water drainage which of course is a terrible thing to do.

Just like in 2008, it will delay the downturn in real estate, but it won't prevent it.

To prevent this, the U.S. should decree a suspension of rent payments for 90 days, with government-funded reimbursement to smaller landlords.It’s not just residential tenants who need a break, “The great majority of small businesses will have trouble making their payments” as well.

In a full renovation of a house, my view is that if it is good enough for you to decide to live in, it's good enough for me to get paid... in most cases)* In instances where the house will be for sale, the sale of the house shall constitute substantial completion (This prevents us from trying to get payment out of someone who no longer owns the house... never had this happen, but I'm paranoid about it)When we deal with subcontractors, and their work has to be inspected, I'm pretty strict that they do not get paid until they have passed their final inspection.

Who are you rooting for?

This sounds like a scam to me and can I prevent that by including a clause in the lease to not convert (or dismiss request to convert) a declared pet to ESA?

Any other way to deal with a situation like this to prevent from loan getting rejected ?

Again, please don't proceed with the sale with the encroachment; it could prevent you from securing title insurance and the owners could always take legal action to cure.  

You also pay directly insurance and taxes.Note: there is a due on sale clause with a wrap and a subject to transaction, and many times a property trust is used.Due on sale clause means that the bank has the right to call the loan due, but if the payments are paid on time, religiously, there is no real reason for the bank to call the loan due on performing, "in good standing" asset.Here's a business plan for bad credit entrepreneurs:One: understand that your bad credit is not stop you from operating a real estate business.Two: if possible get licensed sometimes bad credit prevent you from getting licensed.