@Dean Carter The issue is there’s tons of unethical & uneducated wholesalers in the market doing full 30 day or longer periods not to do due their diligence, but just to market the property for potential end buyers, then they just walk away the last minute before closing because they can’t find a buyer & don’t have 2 cents to their names to ever close, or get funding.

If you buy with cash, there is no required waiting period to get a mortgage after the purchase (google the "delayed financing" exception).

It can be profitable as the prices can be vary/room per month depending on the market you are in, as do the stay periods.

In other parts of the state they have water departments that will disconnect after a 4 month period. 

Our offer was accepted on a 40 unit apartment complex and we are currently in our diligence period.

In that period of time, I don't feel like a lot has changed in Endicott. 

Everything is negotiable...........typically SF is for a shorter period of time-up to 5 years.

Back real estate taxes do not get wiped out in foreclosure, during the period you have the property for sale taxes are accumulating, insurance must be paid, the property is deteriorating, vandalism can be a problem, sometimes security is necessary.

If you've purchased in cash, you're not subject to the usual 6-month seasoning period before you can refinance (google the "delayed financing exception").

First, did you not have an inspection period in your contract?