Staying up to date and ahead of the information is difficult, but important right now.

The seller probably will not sue you because they have the final say on the price, but the buyer could go legally sideways if they feel you put your interest ahead of theirs, especially if this is an owner-occupancy deal... just keep that in mind.A 90 day extension is a crazy long time, but these are crazy times...

Having recently closed on my first property (a 5-unit, four of which I'm renting and one of which I'm occupying) means both drastically reducing my cost of living at a time of economic uncertainty (the rent from the four rental units covers debt service and operating expenses) as well as projects to dive into while work (and so much else) is slow.Long road ahead to get to where I want to, but I consider myself very, very fortunate to have started when I did.

Even if it is closer to 12 months, that is still short of a normal development cycle.I don't have any inside knowledge, but I do think there is midterm risk in the lending market, and I would encourage anyone with maturity dates in the next year to start working (or press ahead) getting a sale or refi done.

@Blake McFarlane, I believe you should go ahead with your plan.

You are smart to think about your options ahead of time!

I would move ahead with the deal, assuming it met your criteria in the first place.

. $2-4k of model trains to local museum)3) How to shelter rental income (LLC vs S-Corp on passive income, any other strategies)4) Prep for 1031 exchange5) Normal RE purchase / sale tax adviceI understand that this is the "tax / busy season", but I'm looking to schedule a first consult (hopefully) before May, and a 2-min call before that would help tremendously in trying to get a head start on next year! 

Should I even wait, or should I just go ahead and list it and tell potential tenants that the property won't be available until mid May?

So go ahead and get established, but start networking and continue learning.