They dont always tell you this, but you'll find out once you start conversations.I went through this about 3 months ago, and so many banks passed me up.  

When the sale ended around 12:30, the staff of three said we needed to wait to be called up to pay.

I would love to meet up if in the area! 

Also, depending on the lease, it may already be rewritten up to have it continue on as month-to-month (or week-to-week). 

The key would be to properly line up a plan (Scope of work, contractor, exit numbers)!

I have a good amount in savings and I'm willing to put a down payment of up to $50,000 for a rental.

Something is up for sure.

Limited space for expansion ensures a housing shortage, driving up property values and rents.

Well said @Bruce LynnI have noticed an uptick on my side of the business regarding the acquisition of land and building.Its an experienced bunch that buy these but from the feed back that I'm getting, experienced flippers are finding some peace in building from the ground up.

With funds, your money is tied up longer (3+ years) and depending on the fund could have multiple assets in the fund to reduce individual asset risk.