I can sign purchase offers through Docusign, track rent through Cozy, take photos of vacant units, list units on Zillow, execute digital lease signing, take calls and texts through Google voice, scan documents, track expenses (Microsoft cloud), search for properties, listen to BP podcasts and the list goes on.I can run my entire business through my iPhone.

Execute the additional documentation, and supply all parties with it if you find a way to continue with the transaction. 

@Santanna BinacciWhen you execute a loan agreement, you should know the terms of the agreement, although many people just sign the docs.

Execute a letter of intent.

The seller then has the obligation to deal with the tenant issue of his making - not mine.If there are no leases or the tenants are month-to-month, give the state mandated notice to terminate the occupancy and let them know that if they would like to stay that they will need to execute a lease and the rent will be higher to reflect current market prices.Congrats on your new acquisition.  

It will come down to the numbers and being able to successfully execute the switch.With 1031 exchanges or other techniques, you can deal with the hurdles.

I contacted various out of state developers who had experience executing these kind of projects and pitched the idea of building an affordable senior housing community with priority for veterans.

Numbers 2 and 3 are within your control and you can significantly shorten the timeline by making decisions and executing documents quickly and by using competent foreclosing attorneys.

I have no idea what your contract assignment looks like and what material conditions, like contract execution and financial consideration, are included or not included in the contract.

All my developer clients and other clients I do PM work for, I have an executed contract that specifically spells out my specific duties and responsibilities, what is excluded and it does the same for the client.