Perhaps if you are vacationing for an extended period of time, it could work.

But, extend the years to pay off the loan.

The initial underwriter response to me was:Addressing Gaps in EmploymentFor Borrowers with gaps in employment of six months or more (an extended absence), the Mortgagee may consider the Borrower’s current income as Effective Income if it can verify and document that:• the Borrower has been employed in the current job for at least six months at the time of case number assignment; and• a two-year work history prior to the absence from employment using standard or alternative employment verification.From what I understand both borrowers are now at 6 months on the job full time, with this being the case and assuming you can document a 2 year work history before the absence this should be possible FHA it also wouldn’t hurt to have an LOE for the gap.I'd be happy to talk with you about the gap and see if there is a good way to frame your application to best fit guidelines.

-what happens if the project extends the projected time frame? 

Sellers will not let us extend our contract past the 31st of December (less than 2 weeks away) because they have other buyers ready to purchase it. without going into detail (please message privately for details), where can we find someone to fund the land part by end of this month?

It allows me to prevent unexpected issues and extends the life of the furnace. with bulk i got the price down to $73. repairs are a lot more expensive at 2am in January.

The previous owner has also agreed that he had promised them that they could stay until that date.Ive since had a response from the previous owners lawyer:“The tenant is occupying the property pursuant to a verbal lease agreement with the prior owner extending the term of the lease until March 31, 2022 as set forth in both estoppel letters.If the prior owner is called to testify in eviction proceedings, the prior owner will have to testify as to the agreement with the tenants as stated above.”Ideally I would like the tenants to vacate asap so we can renovate and increase the rents.

I don’t think there is an option to extend.  

Then offer to extend the term as desired. 

Hi, My tenants notified me they would like to extend the lease.