What was initially agreed upon?  

I agree with Zach.

Their saying that I will be able to go in the other side when we agree on the offer

Getting Dick and Jane to sell you their house privately, let alone let you tie it up to try and sell it at a mark-up, can be quite a challenge here.In most jurisdictions in the country if you are not taking possession of the property (i.e. owning it), you would be brokering without a licence which can get you into trouble.

I would agree with @Chris Muller Kelowna is a great market for investment, it is getting more competitive but we are still able to find deals that meet our requirements. 

Thanks for your service to our country. 

@Jen TeskeI agree with Johnny, this is not a good deal.

Most lenders are going to take 30-45 days to close a loan, so unless you can get the seller to agree to such an extension then you are probably stuck hoping that this lender pulls through.One thing to keep in mind is that loan officers are just salespeople and are generally not well paid.  

Once you get that done then you can make an offer SUBJECT TOO receiving approved building permits from the country or city or whoever the jurisdiction is.This is what I do in Charleston these days when you have BAR review and other impediments I make my offers subject to actual permits being obtained..

In particular, I want to get started renovating homes outside of the Northampton, MA area, where quaint country homes are a prime market for visiting professors and working professionals.