I simply have no experience here.Has anyone had a similar experience who can advise on how you handled it?

Can I simply draft up something that states "this terminates the lease I signed on such and such a date."

@Lance Marshallsince you have IRA LLC I'm assuming you wish to invest in alternative assets, otherwise you could simply open Fidelity IRA to invest in stocks/funds.

I assume you had a financing contingency and if that is still in play simply cancel your contract under the financing contingency.

Simply calling to ask them to be on your list is a quick way to being shooed off phone. 

I would simply call around and find a bank/broker that has experience with delayed financing. 

IF they don't, they force you to make conservative assumptions (e.g. expenses, capex, vacancy, etc.) and you end up putting in a lower offer.Another tactic / strategy is to simply give him his price (with the proper out clauses), get the information and then re-negotiate the price.

Make it clear if they attempt to break the lease before you find a new tenant you will take them to court for full compensation.

They will attempt to squeeze even more generosity out of you.

I've done quite a bit of reading and research, and though I will continue to do so, I DO feel that at this point the only thing that is going to actually further my knowledge or get me going is real life, hands on experience...So I'm ready to bypass any more "feet wetting" and simply dive in!!