Not sure who to turn to or what to do since the owner will only commit on principle to give me 120 days due diligence and to secure financing.

Time to re-tenant for STNL depends on the area and box size and if you are going for a national, regional, or mom and pop tenant to back fill the space ( In a warm belt state could take 3 months to 1 year from time of marketing the space, LOI phase, lease forward commitment, tenant build out, and opening for occupancy)  .

Don't be too discouraged yet - sometimes it does take time to find the right tenant who will commit - especially in a small town.

Make sure that he is also committed to making you successful.

The origination fee is 3%, and of the 3%, 1% is due when commitment letter is issued.

I might suggest trying it for 3 months before you commit for the long haul, and always have an exit plan ready to deploy.

Some don’t feel they need to commit to that many.

Hey Josiah,Are you committed to pursuing Real Estate?

But it's a two way street, both sides are committed to the rate and the term.

I think this is a good time for landlords that can provide quality SFH at a reasonable price to allow millennials the lifestyle/home upgrades they want without the commitments of actual ownership and the struggle to budget for down payment on top of student loan expense, car payment, vacation (for instagram likes) etc.