This is a very frustrating situation.

In some cases, after crunching the numbers, the profit margin was so slim—or even negative—that I had to pass on some promising opportunities.Here’s my situation: I currently own two properties—a primary residence and a rental property—both of which have substantial equity.

So I had a windfall and can sort of "semi retire" with a part time low stress job. 

Hey Gene, for your situation, you probably need to get a fix&flip loan to acquire and do the renovation.

Investment Info:Townhouse fix & flip investment. 109 W 132nd St, New York, NY 10027, is a meticulously renovated brownstone townhouse situated in the heart of Harlem.

Additionally, regarding the legal structure, an LLC seems to be the most suitable option for our situation.

To evict a tenant based on a lease violation such as hoarding would require you to notify them and then give them an opportunity to fix the situation.

Small talk, showing empathy, and expressing genuine interest in their situation can go a long way in establishing trust and goodwill.Be Willing to Walk AwayOne of the most powerful negotiating tools is the ability to walk away.

I think you'd find it very helpful in your situation.

Selling and buying something else you want keep and doing a cost seg in would help with the tax burden probably better in this situation.