I think you should be flexible with your terms.

Even the more flexible cash buyers probably wouldn’t take it because zoning is something that ties up construction, renovation, and a lot more.

Yesterday it was extended to April.I have the flexibility to leave everything under the original landlord's name until I can figure this tenant situation out.I was thinking of sending a letter from my property management company introducing new ownership, laying out the new terms of agreement moving forward by offering a lease.  

Commercial portfolio loans are sometimes flexible, banks may help you borrow some money from elsewhere for the down payment.

You will almost always need 20 or 25% down (unless you find a portfolio lender that is more flexible) and your loan term will probably be amortized over 15,20 or 25 years with a ARM at 3 or 5 years.

Mike was present for every contractor that walked through the property and was very flexible around my work schedule to get it done!

My dad is working his job (which is extremely flexible). 

I adds a lot of flexibility to your management practices, and really helps on your learning curve if you can add new ideas to your Rules and Regulations whenever needed, rather than having to draft new leases and get new signatures.

But, it would give you more time and flexibility in finding the properties you want to purchase. 

If you are planning to build a portfolio I would recommend one of the portfolio lenders that offer more flexibility.