I'm interested in doing that for a property we just renovated and I'm curious on how to proceed, especially if the tenant decides to exercise their right to buy.THanks

And if it did happen, the lender will simply fix the "botched paperwork" and proceed, A lawsuit will cost your friend $25,000 plus paying the arrears on the loan with no guarantee of success.

You could preform a cash out refinance, the lender would use some of the cash out proceeds to pay off the back taxes at the closing.  

The next day another new client sent financials right away and we are proceeding forward.

I am wondering if you proceeded and what your results were? 

Then decide whether you want to proceed in that manner based upon the risk/rewards of divesting in this manner.Are these properties performing?

I will proceed to explain my property and ask several questions about what insurance should i get.Property Details:It is a 3-story townhouse classified as a condo, it is a new construction finished in Nov 2023. 

I understand that the Section 121 Exclusion for Primary Residence allows you to sell your Primary residence and not have to pay ANY capital gains taxes on the gains/proceeds - as long as you use those funds to purchase your next Primary residence.What I cannot seem to find the answer to is - what is the maximum timeline allowed from Sale of the first Primary to Purchase of the replacement Primary residence? 

I am unclear how to proceed with the other two platforms.

I will probably sell at that point rather than keep and rent out, so I can put the proceeds towards a down  payment.