Whether the EMD were delivered or not, they've inspected and decided to exercise the option to terminate the contract.

Instead, it means that we get into the heads of the person most likely to be interested in your listing.We take into account the city, neighborhood, average income, and lifestyle (professional, retired, etc) of your potential buyer, and then we enhance that style.

Oftentimes the reason you have 3 units, but as a legal two is because enhanced egress is needed for the third unit, for attic ones in back stairs, and the cost usually outweighs the option for owners who are illegally renting the third unit.

It sounds like you want to:1) Lease the cottage,2) Have an option contract on the entire property, and3) Use seller financing when you exercise the option (see https://www.biggerpockets.com/...)These are three distinct steps, but each of them is fairly straightforward and just requires you and the seller to agree to terms and sign a contract (1.

Once completed, exercise your option to buy it and then immediately put it on the market to sell.

If the terms of the sale as written in the contract are  defaulted, the seller may exercise his repossessory right6.

How would you enhance this bath a bit more based on this same size? 

Let the results, good or bad, speak for themselves and teach.Don't Have a Scarcity MindsetKnow that when you invest your money, you are not limiting your income by exercising your savings.

Right now the house would not pass code in many respects, so it's nearly certain that some repairs would be deemed reasonable and reimbursable if the previous owner exercised his right of redemption.With that said, BRRRR is still on the table!

By doing the exercise in 1 above, these types of issues will pop out, so you can see them coming at you.7.