Margin loan interest rates fluctuate daily by several basis points, but currently, ours sits between 1.35% - 1.45%.

Meaning the current owner bought a normal house, possible for a nice post rehab premium + COVID surge.

Super normal brother!   

They then proceeded to go through the normal process, earnest money, etc and then needed an extension, to which they put in more earnest money. 

How many apps do you normally accept on a unit? 

They are renting each room individually on a short term basis so there are constantly people cycling through this unit, all of which are given keys to the front entrance and garage door openers. 

So other things might make your case stronger such as your normal practice, the actual amount of crazy that you were offered, things like that.the second part of using the proceeds to buy vacant land is fine. 

Just pay the taxes and get the flexibility.Track down every dollar you ever spent on the property to establish your tax basis and find the right next property.

Marijuana places usually sell about 200 basis points or more with higher cap rate and lower price than credit investment grade type tenants.

Furthermore, is this all paid at once or are there options to spread it out on a shorter basis, such as monthly?