This would ruin any of our chances to take advantage of a 'first-time home buyer' program, correct? 

Yes, that's correct!

Correct the problem now. 

That's correct.

@Samuel KoekkoekWhatever you do, dont get into the S&P in the next 6 months, every time on the lastv30 years the Fed has cut interest rates by 50 bps, the market has had a minimum of a 30% correction.

If that is in fact correct, here would be response.1) Are you wanting to refi to pull cash out?

Correct me if I'm wrong, but my understanding is the CPA would have made some decision when I purchased each property as to what the depreciable basis of each property was. 

Dan is correct, thanks for pointing this out Dan.

If they are pushing closing back, I assume they found something in one of their last reviews that needs correcting.  

I spoke to the manager or whatever he is of Northpoint and he confirmed I was correct and the new manager was incorrect on the dates.When they decided to move out I didn’t know they moved out until I noticed that my smart thermostat in the home was offline and AEP told me there was a disconnect scheduled.