I was thinking about my previous reply and need to correct myself.

That's funny, corrected, looking at Sacramento, CA.

It’s crucial that your STRs get reported correctly and that documentation is solid in the event of an event.Ideally you would have met with a cpa before doing a cost seg so you know that you’d be able to use the accelerated depreciation. 

Since it sounds like you are working without a real estate agent, I would contact a lawyer to review the contract and help you notify the seller's side correctly to terminate the contract and release the EMD.

Correct.

Asking in the correct forum will get a better response.Read the RULES!

Two years is a long time for rehab, did I read correctly?  

.✅ VA entitlement impact – If you assume the loan, check whether the seller’s VA entitlement is released.Final ThoughtsThis deal has potential, but structuring it correctly is key.

Keep telling me a sob story about her paycheck getting sent to the previous address ( that was 18 days now, not corrected ).- still did not receive the check from the NJ Victims of Crimes office.At this point, I want to file for eviction at the end of the month if she delays the event by 1 day to pay her entire rent ( January and February).My question to you professional is, should I inform her of that decision in advance?

If I understand the Act correctly, the regulation allow one spouse transfer loans to another spouse keeping the existing terms without the regular qualifying requirements.