If they keep stalling the money by requiring more and more and more and more information about the house, I could end up losing my chance at getting the home under contract right this minute.

Always possible but if they aren't losing it why would they drop that much. 

Best way I know to lose money.Pro's.. can't think of any worth while that would over come the fact that you are partnering with the government.

In other words, it's not worth risking losing a great tenant to gain $900 to $1,200 per year in your case.If your strategy is to sell, then set the rent to a price you'd be willing to continue to hold at--but maybe wait until February or March, when the spring market comes on. 

There are self-storage associations that can help with that.Finally, not to be mean, but why buy anything in New York State when it is losing population.

You can’t “lose” contact.

It sounds like you'll lose some value based on the speculative nature of the properties that can be converted to single family homes.

That can’t be undone and is emotional for many people as they age.Also from a financial standpoint this property will not cash flow so you will lose money if problems arise with the property such as needing a new roof, plumbing problems, etc.

Kids are noisy and smelly but not when the tenants are there :)I specifically like daycare because of a few factors. 1) It is internet resistant - you can't put your kid on the internet so you won't lose tenants to that in the same way you could lose a retail or office tenant to the internet. 2) It's always a need that will be there 3) A lot of times these days daycares are supported in some way with government funding.One thing to pay careful attention to, as mentioned above, is the lease.

Act like you don't care if you lose it and hold the sellers feet to the fire if anything goes sideways.