Flip them 5 or 7 years later.

I am intended to do flip later.

We teamed up and 3 years later we own 675 units.  

See your attorney.While many may think trying to simply cover the buying/borrowing side, the terms can back fire on you later on as a borrower, you might not be dealing with that original lender, so think ahead and long term before going more than 10 years.

They then followed up 3 days later to change their mind.I'm not sure of the legalities of this but there was an agreement that the lease was going to be cancelled and that I would be returning the security deposit.  

I have done a great deal of research and analyzed many deals but have not yet made my first transaction other than a primary residential purchase and subsequent sale a few years later. 

But, Banks' reasoning for allowing their FRESH market appraisal - 6 months later - is that the market might have moved, and you have had TIME to value-add to the property, so THEN, they will agree that it's worth the $100k  as per new comps (but not when you bought it 6 months ago for just $50k)!

Later you may be able to automate your business.

Still getting the lingo down for real estate, so I may have to take you up on the professional contacts a little bit later when I don't come off like a complete newbie! 

You can only break the lease if they do not perform, i.e. late rent, noise, etc.You can always give them an incentive to pack it up.Good LuckGino