When you put a lot of time, money and sweat into a place it can be hard to hand the keys over to someone else, even a tenant.

Or perhaps you want your significant other to keep the properties as a source of income.

So, the land comps must've come in lower than the $13K, or the other offer is being more conservative.The key is to make sure there is a demand for the land. 

They have to get all new documents. new purchase agreements, new earnest money , verification of source of new funds, run new OFAC checks, create new arms length affidavit.

Time is a key factor, especially if you have a few deals that you are looking to close.

Rehabbers, what sources are most of your deals coming from; Wholesalers, the MLS, or foreclosure auctions? 

Then I received my 2nd appraisal on 11/28/17 and noticed that both my appraisals were done by same appraiser and notified my lender, (2 different companies out sourced to same appraiser).

My question is what funding sources are out there, alternative or conventional, that would allow two people to buy an established banquet/catering business before it goes out of business?

Transparency is key, not all landlords are comfortable with this arrangement but many see the advantages of working with professionals who are able to maintain the properties at higher standards than with long term leases.

In Phoenix you won't be finding a lot of deals at 70% ARV minus repairs unless you're sourcing the deals yourself through door knocking, skip tracing owners, direct mail etc.