Get the owner out and convert the basement back just enough so its not a additional unit. 

We also took out the inside basement stairs to convert the space to a larger en-suite bathroom with stackable Washer/Dryer.

Flippers buy from wholesalers because they don't have the time required to build SOPs to generate off-market leads and convert them into contracts/projects.

Still in process of converting entities and getting paperwork straight 10 months down the road. 

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $390,000

Cash invested: $20,000

single family home located in a diverse and well developed area.

What ma...

Investment Info:

Condo buy & hold investment.

Purchase price: $290,000

Cash invested: $20,000

a first home purchased that turned into a rental through house hacking

What made you interes...

Either the current tenants' leases didn't expire but rather converted to a periodic tenancy (Month To Month here) and they have been rolling with that for a long time OR they have established Tenancy at Will by continuing to live in the property and pay rent. 

If you are going to purchase SF homes in lower barrier  C/D neighborhoods be conservative with your debt, set aside plenty of reserves and consider half if not more of your appraised equity to be the result of a generous appraiser because you will likely never see the equity converted to a realized gain. 

It is possible to convert a 401k to a self directed 401k. 

To convert back would take costly new permits and removing an external stairway and door.