*I'm not a lawyer*

Talk to a lawyer who will handle the closing and let them know you are waiting on the inspection and financing. 

You will need to ask a lawyer licensed to practice in the state where you filed.

Also, how can I effectively negotiate closing cost terms?

I’d like to give you the details and see what yall’s thoughts are...10 Unit (of 2 buildings)Listing Price: $1,100,000Potential Gross Income: $124k6% Vacancy (but building is currently 100% occupied).Effective Gross Income: $116kNOI (Including a 5% CapEx and 7% Property Management): $75kDebt Service is around $50kLeaving me with an annual cash flow of $25kDSCR: 1.5B/E Occupancy 73%Cash On Cash: 7% (with 30% down payment)On paper, it seems like a great deal based on everything else I have analyzed in my local area.

Housing is a necessity and MHC is one of the most cost-effective options.- Increasing Demand Across Age Cohorts: Boomers downsizing coupled with a growing number of Americans who can no longer afford to rent or own traditional housing continues to drive demand for MHC - see chart below.- Limited Supply: Only 10 new MHC sites have been approved in the U.S. over the last two decades - see chart below.- Downcycle Outperformance: MHC is the least sensitive property type to negative changes in GDP - the average stay in in MHC is 13 years, unheard of in residential real estate - resulting in stable predicatble cash flow with an ability to consistently, yet responsible increase rents.Lastly, a quick glance at some MHC investors and proponents:Warren Buffett is a significant investor in the MHC space, favoring the sector for its stable, predictable cash flow.

On top of that, since the majority self manage, they know that they need to live close to their properties to be the most effective. 

So effectively I would lose entire segment of renters possibly.

Most landlord/tenant court cases can be handled without a lawyer if you're well prepared (which it sounds like you are) and have your documentation organized.Since it's a decent amount of money, you may want to consult with an attorney, for a few hundred dollars I'm sure they can give you good advice.It sounds like you have a good case. 

I started working for this gentleman as a 1099 employee he didn’t pay me for the first three weeks on a commercial jobFinally on my fourth week he paid me for three weeks and held a week that’s cool whatever it’s nor...