Closing Soon and Nervous! Vacancy? What to look out for?

[Jon Dang]

Hello BP family,

I was scheduled for a closing this Thursday. However, that has been extended a week since they have to evict two units. My loan officer hasn't got back the clear to close due and or closing disclosure, expect to get it later this week. I have to extend my rate lock.

Quadplex: 2br/1bath, cost $211k, seller pay closing. C class neighborhood. Repair 5k. New roof. Older hvac 12 yrs old.

Morgage/Insurance/Taxes: 1400

Rent: Unit A/B (750) and Unit C/D ($650 , long term tenants (4yrs+))

Cash flow:600/month with PM

The issue is two units have to be evicted. Unit B has already been evicted and their cleaning that up. Unit A has eviction court Friday.  Both tenants are failing to pay rent so the owner is in the process of evicting. I am scheduled to close next Wednesday. So that mean 2/4 are occupied. I am looking to home owner occupy, so really 1 is vacant.

Did anyone else have issues prior to closing? I have a property manager that is working with me at the moment to fill vacancy one unit B is ready.

Any advice? How did yall get over being nervous? I'm very anxious, up until now I was told that the tenants were good. I cant stop checking my email to check if I got the clear to close. I been getting less sleep. Any advice?