I am looking at a property that has a single family home and a secondary building that was used by the current owner for his business.  The property is zoned B1 which allows for the owner to reside there.The problem i...

I have the time and have been educating myself non-stop to the point of obsession with bigger pockets podcasts, webinars, youtube and Grant Cardone podcasts and youtube videos. 

Do not hold the unit for anybody...... if they want it that bad they are going to have to sign the lease, pay the deposit, first month rent etc etc etc, and just have to suck it up having 2 places rented at the same timeOnly other option, is a non-refundable deposit of one months rent.... so when they bail at the last minute, you aren't out that months rent.....Otherwise....no way...... why would you want to lose $$ to hold it for someone that has zero commitment to actually following up on their end of the deal?

They fix my HVAC equipment unless it is completely shot which is rare.You need people you can trust and not mess around with having to get multiple quotes.They can get to my repairs in 24 hours so I haven't needed to put someone up in a hotel.I do have some fans that I lend out if needed.You could also buy a window or portable unit to loan out if needed.My lease says AC in a non emergent repair.

As Rodney aludes, there are rules to this kind of thing, especially if you raise money from non-accredited investors.Another option is for them to come in as your lender and just pay them a set percentage on the loan.

Instead I think what you should consider is asking the seller for some additional time to complete your due diligence and extend the closing date, both far enough out so that you can submit your plans and get your regulatory approvals prior to your deposit going non-refundable.  

You can find some portfolio or Non-QM loans that will go lower.

Parole boards and non profit organizations are looking for landlords to refer clients.

Yep, it happens.....serial non payers of their electric bill go steal a meter when the power company takes theirs after they have been caught “playing with it”.

The property is in Nevada which has non-judicial forclosures.