If they have to leave sooner, tell them that they'll be responsible for rent until you're able to secure a new tenant. 

I used "regular" money, not deferred money but you can use them to defer just your gains. https://www.novoco.com/resource-centers/opportunit...Of course there is always at 1031 if you can find another prop.

I use listsource pretty regularly and may be able to help based on what exactly you are looking for

@Tim Chase You are kind of stuck if you plan to do a regular lease.

If you will be forming this corporation/venture with more than 2-3 partners, your are wandering into the realm of the securities folks and you will absolutely need the services of experienced counsel. 

Also, in the event there is damage to the premises that the current owner is not aware of, how do I know what the condition of the property was prior to the tenants moving in or if they are trying to recoup their security deposit by claiming that the damage was there prior to the tenants moving in?

No, but I once had a someone break into one of my properties by pulling the power meter in order to bypass a security system.

Test them every 1/4 when you do your regular inspections and you are good to go. 

Tool wise all you need is a angel grinder with a masonry blade to cut and shape regular blocks for the back post.You could also easily replavce all posts yourself with 6 X 6 PT.

Pitch your development to potential customers and just make sure the lease language has a poison pill that will let you out if the project doe snot secure financing.