How hard would it be to obtain financing in either scenario?

So due to such unforeseen circumstances, we are requesting a closing extension date from the Seller to allow us to obtain financing to get the deal done.

The reason bank loans became much tougher to obtain last time around, was because there were a ton of new regulations and the creation of the CFPB.

To determine whether the property qualifies for protection under the “grandfather” provision would require more extensive research of the historical zoning maps and more information about the past use(s) of the property.It sounds like the particular lender you mentioned is going to require you to take some action with local government before they approve the loan (whether obtaining written confirmation that the property is grandfathered, confirmation of re-zoning, or perhaps even simply a letter from Knox County stating that they are not going to seek to strictly enforce zoning with respect to the property might suffice).

But must be paid on 1st (they always do pay by the 1st-3rd T latest).

Hello @Marc Izquierdo,I think @Max T. hit the nail on the head.You've gotten some good traffic and multiple applications, price is not the issue.Inquiries on my rental and sales listings have slowed down a bit as well.

Stereotype to the T, here comes the American to a very far off remote land and what is the first thing he asks for?

@Shafi Noss One thing to remember, the inherent flaw in the IRR calculation is that it Assumes yearly cash flows are reinvested and obtain the same annual yield as the resulting yield.  

Or is this something that I would need to obtain from the town once I’ve purchased a multi family property? 

Confirm that the IRA LLC provider will prepare all of the documents needed to not only form the LLC (articles of organization, SS-4 to obtain an EIN) but also the documents needed by the trust company to process the investment of IRA funds in the LLC.3.