I still didn’t take possession of the property.

• Request delayed possession until lease-end and possibly negotiate a rent credit or reduced purchase price to offset holding costs?

What happens when the "new buyer" takes possession and moves in but one month later decides to not make any further payments? 

It could be argued that since it is vacant no one has possession.

For this reason, finding someone who possesses an engineer's mind and loves to work with numbers can significantly contribute to the team's success.When building our team, I seek individuals who are passionate about underwriting and possess the necessary creative abilities.

They have about 10ftx600ft of the property to the north by adverse possession since it’s been maintained by multiple owners for the last 40 years or so.

In the unlikely event you encounter a tenant that does not vacate, I strongly recommend the use of an attorney that specializes in evictions.Now for your numbers: I agree with Nickolas about no COC but not necessarily due to closing cost impact as often that can be rolled into a loan but because rents below 0.5% monthly ratio bleed cash (huge negative cash flow) at high LTV with current market loan terms.  

From the Tenant Buyer I get an Option Payment of $25,000 and a rent payment when they take possession.

If there is no communication this sometimes gives them a kick in the pants to get in touch or a faster way to get possession back if they don't want an eviction either. 

He could be laying on a beach in Thailand while I'm burdened with his possessions, protected by law.