Trying to make sense of this before the deadline of 3/15.Thanks on advance for the help.

I am thinking out loud here but you really should make sure that you obtain a clean/clear Certificate of Occupancy before you close the deal.Even if your lender does not require a Certificate of Occupancy, the City is aware that it MAY NOT issue a Certificate of Occupancy without a garage built on the property.IF you close without this being resolved, the City may contact you as the Owner and (a) demand that you build a garage and (b) inform you that you have a code violation while you have tenants living in the building.IF the City decides that a garage must be built, you could obtain a "conditional" Certificate of Occupancy whereby you either promise to build a garage at a later date/deadline or you make the promise along with paying a bond or escrow to the City.Personally, I would make the Seller pay you for the cost of building a new garage as they are selling the property to you that is not up to code. 

Right now, call the pricing differential for the exact same rate $5,000... that same metric that was $500 or so two weeks ago.Read that purchase contract, and the deadline specified for loan contingency and close of escrow.

The deadline is 5 days away and it sounds like you haven't started the return yet...and perhaps don't know what you're in for.Second biggest piece of advice: start keeping a complete set of financials (P&L and Balance Sheet). 

I have a deadline with the CO inspection as our closing timeline was too short for them to come early enough but they are lenient enough we can work it out if we need more time.

I've heard so many horror stories about the deadlines for 1031's, just make sure you have all your ducks in a row and have a great 1031 intermediary before you pull the trigger.

Fare well.Yes thank you for the advice but in the contract I do no see a dead line for the contingencies.

The repayment terms for a 401k participant loan are equal monthly/quarterly payments of principal and interest (typically prime plus 1%) over a 5 year term (longer if used to acquire your principal residence).Please note that if you take a full $50,000 and then pay back the loan, you can't take another $50,000 until 12 months after the first loan was fully paid back.Per the loan offset rules that went into effect with the 2018 Tax and Job Act: if you leave your job and the loan is current at the time you leave your job but then the loan goes into default because you left your job, you will have until your tax return deadline (including any timely filed extension) to make the loan current by depositing the outstanding balance into an IRA (and thereby avoid the taxes and penalties that would otherwise apply).Please keep in mind the multiple loan rules:Under those rules, the sum of the balances of a participant's outstanding 401k loans under a single 401k plan (using the highest outstanding balance of each loan over the last 12 months) can't exceed 50% or $50,000 whichever is less.

A pre foreclosure with a deadline of 4/15/2020 or it will be taken and auctioned off.

I have a couple of days to decide before the filing deadline...