In general the property is well kept and it would be move in ready with just some minor repairs.

This ensures we are not put into financial dismay because the investor was not truly ready to invest or we are not fronting the costs for your projects.

Also, does the property need any rehab to be ready to pass the Section 8 inspection?

Money spent before the properties are "rent ready" becomes part of your basis and gets depreciated. 

Now, many sellers are and will be totally unreasonable, so you have to get ready for them to be stupid when it comes to needing the zone change in place by you for you to close.You are the developer, you have to be more disciplined then the sellers, it's not their risk if you close now, and the zone change fails.

Your buyer, C, has their financing lined up by a bank ready to fund.Once C's bank has provided their funds (that's the key), your transactional lender funds your purchase of the property from A.

Read/consume, but eventually you have to make a decision and stick to it.

I am very ready to take the actionable steps needed to make my first investment but I'm extremely nervous that as soon as I do the market is going to tank. 

We're in the same boat--new, getting ready to start, but wanting a contractor who's honest, reliable, and competent. 

I will do it based on the original date they provided in text that the property would be ready; IE, they originally stated that would receive the keys on the 16th and i could move in on the 20th if I agreed to release the deposit.Granny Flat:Not sure what to do there... help me out :)Conclusion:I guess i could just wait it out and get a hotel until they are out but it would be expensive and a real pain in the rear.