However the basement needs a kitchenette installed, 5/8" drywall on the ceiling, and a bathroom expansion to accommodate a shower stall.All in to make the basement a self sustainable apartment, I estimated roughly $32,000 in rehab costs.

Most importantly for the next rental property you buy consider 1 that does not have an HOA or that will accommodate your needs better.

@Bret Blackburn exceptions are written into the Dodd-Frank act to accommodate owner financed transactions.

I want to give them ample time to find a new place and accommodate them as best I can. 

With all that rehab needed it may be quite difficult to find a tenant who will pay market rent for sub par accommodations.

The value does.The key to a successful consolidation exchange is that all of your sales must happen within a time period that accommodates the 180 day exchange period for the first sale.  

The master bath we increased by moving walls in the existing hall/guest bathroom to accommodate a larger master shower and bathroom.

You don't go out of your way to accommodate how you think every tenant will prefer to do business; you set a policy and stick to it.

It is a waste of your time to try and accommodate existing tenants and will probably not work out.

I've also found that freelancers on these services don't really think long term and are more interested in getting the one task completed and paid for so they tend to cut corners and complete things in a way that will lead you to have to hire more people downstream to either fix issues that were done incorrectly before or redo previously completed work to accommodate a new scope that wasn't anticipated before.