Give your tenant proper notice that you will not extend. 

I wrote an extended post on the  BP blog on how to build your Real estate network, it should be helpful for what you're trying to do.As far as wholesaling in this market, things are pretty pricey.

They are typically 12 month loans, with options to extend up to 6 more months for a cost of 2 points of the total loan amount.ARE THESE TERMS NORMAL?

Just extend the closing date and make the seller deal with the tenant. 

@Umair IqbalDetermining what is considered a repair/capital expenditure is normally based on a couple factors1) Are you extending the life of the asset?

If you really want this property then likely try to work on less down to 10%, extend 5 year balloon to 10 years or minimum 7 years ( you want time to paydown extra on principal since interest only), get non-recourse loan from owner, get purchase price down more to current market value.Analyze how much risk factor you have.

If the utilized CC’s are balance transfer friendly, the next step is to do a balance transfer onto the new card, therefore extending the 0% interest period for another 6-12 months or however long the new card allows.To recap, I am by no means an expert on this subject and was only recently turned on to Fund and Grow by watching the Clayton Morris YouTube videos promoting the company.

I was looking to do a cash out refinance to pay down the HELOC and extend the term of the loan, so we can free up some money, and increase monthly cash flow.  

Having been on the sidelines for an extend period while getting your feet back under you is extremely humbling. 

I had a 100 unit extended stay under contract recently with SBA financing in place.