Make sure you are not over extended and need to sell when the market is depressed and you will likely have a successful investment even if purchased at a market peak.Good luck

If it was financed through a bank, they may be able to extend you a signature loan.  

@Eric Weireter Raleigh-Durham area, possibly extending into lower Granville county.

I think the most important thing when taking on 9 units so quickly is to make sure you are not over extending yourself.

Thus, SEC 8 voucher holders tend to want to live in the same neighborhood as their extended family members who will take care of their kids while they work. 

Given the lack of cash flow with the current scenario, should I be looking to extend my payments throughout a 30 year mortgage to increase cash flow?

I've talked with my agent and they have said that they would likely suggest the same to their client if the closing date was getting pushed out as far as it is in this situation.To clarify a little more, we currently have a contract with a closing date of 8/23 and are currently trying to get that extended to 9/28 to allow for completion of the repairs and inspection of the sewer by the city.

Yes, moisture is its Achilles heel similar to real hardwood, but as long as you don't have a leak directly onto or under the floor for any extended period of time, it shouldn't pose too much of a threat.

IMO, this is a far stronger initial approach because: 1) It costs you nothing up front. 2) It is going to prepare you, because it requires you to talk real estate with all sorts of people, and negotiate terms of a deal on how you will compensate them for helping you find what you are looking for. 3) It amplifies your presence in your area, extends your presence to other areas, and naturally helps you to further your network. 4) It generates leads for more targeted marketing, which tends to have better results than "shotgun" mass marketing.  

Would that be something along the lines of an option to extend the terms or something similar?