During this stage you are allowed to register for a property that you would like to participate during its bidding cycle.

As a seller I would NEVER allow a buyer in before closing.  

The current partners will allow the building to be refinanced after the construction is done.  

This would allow us to complete the rehab using personal lines/private money and then set up traditional financing after 1 year of collecting rents.

Figure out which ones you like and go to them as your schedule allows.

If this creates an illegal subdivision in your area as you mentioned then make sure you know the minimum lot sizes allowed.

You, or your agent, will review the estoppel with the tenant, allowing the tenant to amend or append to the content.  

It's important that the owner receive notices that their account is delinquent - I want to say that the fair debt collection act says you have to allow 90-days before you can start collection activity but don't quote me on that. 

I spoke to community development about this and they too have said there is nothing commercial about the property, although the comprehension plan allows it, but it would have be approved by the committee and neighborhood.

And condo associations are no longer allowed to approve any tenants.