Some don't want to deal with any extended escrows, even if non-contingent, and some will be more lenient.  

I am not an attorney and my knowledge of the law extends as far as the internet allows me to.  

We just left a great t-giving weekend with extended family.  

Using a "streamline" FHA 203k loan the amount used for rehab extends only until $35k, but a traditional FHA 203k can go as high as $200k+ in rehab amounts.

There was also Maier Racing (unless it's really extended family that I've never met, no relation).

If we are extending a closing date and the Borrower has failed to turn in proper paperwork, I might just walk or I might condition my extension with more money and a Conditional Commitment from the Lender.  

The time-frame of one year will probably be extended six extra months and it will probably be more expense than you expect.  

Furthermore, the false etymology presented in that interview that Bon Homme Sept-Heures is an anglicism from "bone setter" has been quite soundly discredited:  there is evidence the character's lineage extends from bonhomme la nuit et couche huit-heures, which existed in France and came to North America with the first colonists (which predate the English presence on the continent).

I am planning on learning the basics of multi-family, establishing relationships, and getting my personal credit score as close to 800 as possible over the next year, year two (and probably extended into 3 haha) I want to raise at least 100k of my own funds to put in on any deal, and year 3 I want to find a property, and other investors who are interested in purchasing as well(which should be easier if i work hard on relationships in year 1 and 2) I have not decided what size property yet, or the area to purchase I feel the quality of the relationships, and education I build over the next year will decide that for me.

The most important thing you need to do is make sure you either have paid off the hard money loan before the balloon, or sign a written legal document that's notarized extending the term of the loan until you can pay it off.