I understand it to an extend but I don't know everything about private money or lending strategies. 

Whatever the costs of your funding are, that needs to be factored into your model.Just don't over extend yourself and be left holding too many properties if the market turns and you have to hold them longer than expected.

Maybe you could even look into extending your contract 4 months at each location?

The owner will finance 100% require a 5% down payment with a fixed rate of 5.5% over 30years and a balloon payment after 5 which can be extended he is looking to have this set up for his retirement.

Did you have a written agreement signed by both parties that the inspection period would be extended?

Maybe: For me, it means I lost all 4 rents from currently occupied properties in the same timeframe and can't find a new tenant for any for an extended time. 

We want you you to have a clear and reasonable exit strategy for paying us back within the term of the loan we extend to you.  

@Ben Sealey I would do a one year with an option to extend to another 4 if certain parameters are met.

But in any case, do what u can to stop renting, buy local, places you know, dont get over extended with debt trying to reach for income, its a very long process.

Lies, failed promises, lease violations,    smoking in unit, friends staying extended periods with pit bull, littering in front yard,high utility bills.