If the property is in good condition and priced right you should have any issues.

Sorry I could keep going as this is What I Have do for 30 years This is My current field of work.With out seeing the property or knowing all Linear feet of all materials and depth of utilities and soil conditions, equipment and personnel, import/Export, Subs, just to spit ball a price is not possible.there are so many more things that are involved with what your asking for.  

This company is violating its terms and conditions.

No waiting period required but the property should be in livable condition. 

The neighborhood and condition were the major draws for this deal.

This is much more stringent with FHA and VA loans with the property appraisal and condition report, they will require the deficiency to be remediated prior to closing.  

Landlord may at its sole option, upon written notice to Tenant,create a month to month tenancy between Landlord and Tenant under the sameterms and conditions of this Lease.

One, the new owner will have to demolish the old hotel, its condition is too far gone to rehab. 

It's going to be another unexpected market conditions which many don't want to play.

Ps.I have a move-in move-out check list and plan to walk the property with them on the last day to verify the conditions before returning the security deposit.