If you are looking to raise money from RIA’s and registered reps you will need to have one of these reports.

Depending on how big this unit is, I would probably bite the bullet and pay for the relocation, then add a washer/dryer and raise the rent by some amount to cover the cost.

Skills, tools, subs, muscle you have to complete fast on paper.Architectural plans with elevations.Plat map, drawing where house goes, title report, gas lines, cost breakdowns, temporary power...Reports of existing utilities.Notes on conversation with planning desk on time frame.Combining the two loan types can be done, you need to be a great secretarial story teller on paper.

The MIL has owned the property for 4 years and there is no mortgage (purchased in cash by her grandson; I raise this to you in case there are capital gains implications for MIL and DIL when the latter sells). 

Just wanted to thank everyone again for the help.I can't say I fully understand all the issues raised, but it sounds like the bottom line is that there is no way to move the asset out of the s-corp without triggering a capital gain liability.Interestingly, the thinking required by me to address your comments made me realize that I am not depreciating this asset. 

Do not be scared to politely but firmly renegotiate with these established guests to terms that fit your business plan: raise price to where you cover expenses and require that they either rent from Dec 1 or from Jan 2.

This system is extremely expensive and raises your costs a lot. 

I am trying to raise money from Friends and Family for putting together the down payment needs.

It took me about three years, after improving the units, raising the rents yearly and reducing my costs, to break even.

I am a PML in Florida and also raise money for flips as well.