I know it’s a lot of questions, I’m about to undertake this project in the spring.

(If you plan on significant updates/redecorating, I advise them cleaning is not necessary, but does need to be broom cleaned, with everything out.)If you already met with tenants and inspected each unit, simply send a letter or email giving them options.

Renovation is not redecorating to your tastes.

The title company mentioned they were going to get an indemnification with undertaking from the last policy holder

If it's zoned and platted as a true 4 unit, then no, you won't be able to.You'd have to convert into condos which would likely be a huge undertaking and wouldn't fly. 

Areas like Bellevue, Seattle, Kirkland, Redmond, Issaquah are very tough to cashflow** (unless you come across offmarket deals or you have an in to fix something that most investors can't/won't undertake).

@Brent Coombs I don't deserve anything; the reality is that any decent real estate investor should be able to reno a property in 2-3 months unless its a massive undertaking.

If you own property in such an entity, you should seek professional assistance now in order to have time to prepare for a 1031 Exchange transaction.Only you can determine how aggressive or conservative you want to be in structuring and undertaking a 1031 Exchange.

You can repaint the wood siding on your house if you choose the wrong color, but if you decide painting the brick was a mistake, that's too bad - taking it back to brick is a herculean undertaking.

By guessing from the renos you are about to undertake for the conversion, this is not a new home.