I build vacancies into my expences and will rely on that ahead of increasing my risks. 

Now, many sellers are and will be totally unreasonable, so you have to get ready for them to be stupid when it comes to needing the zone change in place by you for you to close.You are the developer, you have to be more disciplined then the sellers, it's not their risk if you close now, and the zone change fails.

The home inspection revealed probably about 6-8000 of total repairs that need to be done but very few related to the requirements for the C of O.

@Andrew MerewitzState of LLC FormationIt is normally advised to create the LLC in the state that you will be holding the real estate; Florida in this case.If you created the LLC in New York - you would be required to register the LLC in Florida; increasing your total costs.Please also be advised that it can be costly to form an LLC in New York.Location of CPAThe important aspect of looking for a CPA is that he/she understands the taxation of real estate.Technology(emails, phones, skype) allows you to communicate properly through an accountant eventhough he/she may not be in the same city as you.Florida does not have a state income tax.

@Ryan Keenan Lenders will generally add mortgage, interest, insurance, property taxes and depreciation back into your gross income when comparing it to your federal taxes and total PITI. 

If any one owner owns more than 10% of the units (depending on the total number of units) the condo could become non-warrantable.

I would love to find someone I can rely on for the future as I keep growing!"

And if not over-leveraging myself means moving to Allentown for a year, that make total sense. 

I am totally with @Greg H. on this one.

I feel totally taken advantage of.