But now I see the market is going down a lot also days on market increased, what if I change my mind and after their vacate then post the property for rental.

Seems like it is all negotiable - assuming no mortgage and perhaps proposing a couple scenarios and terms to sellers would help them see the picture.  

See the description of the property above but basically through a lot of capital improvements.

Since letting go of some problem tenants we've had struggles renting out the vacant units as potential tenants sign up for unit showings only to leave once they see the area.

I'm not exactly sure if this is true, that's why I want to see the responses also.

Every trip down, we run through the numbers on how the Lumber industry works for Teak, so he can see the end game. 

@Marc Dube I do see the fixed rate payments would be lower payments , by a coupleHundred dollars.. can you refinance fixed rates ?

 As you learn your market and you work the transactions you will see the deals.  

Terms seem reasonable, 12% for 6 months, so I'm going to meet at the property today to see the project that is already under construction.Any and all advice is greatly appreciated.Thanks,Ronny

Do you feel it’s important to visit and see the property, area, etc with your own eyes?