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

@Mary BygarI work with @David Ribardo who is a real estate agent in the Lehigh Valley County.He is a real estate investor himself so he may be able to give you an insight that other agents may not be able to do.He has me set up for a daily email that gives me updates to the MLS(new listings + price changes).

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. 

I'm guessing his description of "clean, not luxurious" means there will be some deferred maintenance and updating needed.What do you look for per door for net income?

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. 

Just to update:  We offered to screen the prospective tenants & sign a new lease if they passed screening.

In any job role you jump into you will have a period in which you won't be truly in the front lines.

Many lenders are doing periodic occupancy checks and because the property is investment / Rental, if caught committing "Occupancy Fraud" the lender can call the note due, foreclose and the owner is out like the fat kid in 5th grade dodge ball!

Cheaper to set up, shorter loan period, interest rate changes with the market.Both of those are assuming you want to own property.