Unless you're buying an absolute net ground lease where Wendy's has 15 years left on their primary period, you're gonna need a lot of cash.

Inspection period is 10 days.

Through listening to the podcasts and other education resources, I have been developing a passion for real estate investing.

And some out there probably want low crop land that periodically floods because rice and soybeans are their thing.

It is called due diligence and if they do not provide you/your lender with the information needed during the due diligence period, you should be able to walk away depending on how your contract is written. 

Any help with these numbers so I can have an educated negotiation would be great!

clubID=1127&pubmenuOptID=47801Distressed Property Conveyance Act - reiawa.comREIA is a Washington State non-profit Real Estate Investors Association focused on Education and Investing for Real Estate Investors at all levels!

Is there a way around the 6 month minimum seasoning period to refinance an investment property?

I would give them a notice to end the contract as soon as you are legal able to do so right after closing, and let them know that you will tear it up if they pay all rent due by the grace period. 

Great place for education and to get connected.