Do you already have your funding situated to have a GC come on property visits with you? 

Hello BP,  I have a situation that involves my father in law who's a longtime investor with multiple free and clear small apartment buildings in a good market. 

RealtyShares - https://www.realtyshares.com/ - generally focus on mid-market (<$50 million) commercial properties, often for value-add situations involving property upgrades or operational improvements.

I was able to handle the situation before anything happened.

I'm in a similar situation, however I am a potential buyer and am having a hard time finding a lender to lend on the property...I'm interested in how this pans out.

I am willing to do full price just because of my situation, so going in it at a higher price already is what makes me think it wont appraise in two years.

In what situations do lease options have a good fit?

When these sItuatIons come up you must have the abilIty to bIte your tongue and rIde it out .MIght as well Make Money On Them While They Are There .

Most where value-add situations in which I was able to help with the "full picture" so to speak by giving them estimated purchase cost, value-add cost, after-repaired value, and estimated sale price. 

Single deal raises are easier to “sell” because we can clearly articulate the situation.