I'm just starting out as well but in this situation, I would probably see if anyone is offering seller financing on a multifamily property in which they would be nice enough to allow you to occupy one of the units.

What do you tell the seller?

The seller disclosed the long term leases on two of the units, but only provided the expired, 2 year old lease and the rental increase notices for the other two  and did not produce the additional long term leases that tenants shared with me.I'm in a bind here, I can't break the leases and can't stay in compliance with the loan terms.I've already reached out to my agent, who is fortunately a commercial brokerage with an attorney on staff, but have not heard back.

Assignor would be whoever is transferring the property (doing paperwork and getting home from original seller, seller of the wholesale deal), assignee would be whoever is taking to property (going to be closing on it to rehab, rent out, live in, etc..., buyer of the wholesale deal). 

•Seller is offering 1/2 owner financing.

Is that the agreement i use with the seller AND Buyer?

As far as rezoning- that is part of the value add of my company, we are assisting seller with applying for the modification.I'd like to advertise funding options and need a lender or investment group that will tell me roughly what the terms would look like.

I have sent out some marketing material this week and I am expecting to hear back from sellers inthe near future.

Have seller provide bank deposits to confirm they have been paying rent.

Previous seller defaulted on a 100K note that had not been collected on since 2011.