It certainly sounds like you are taking the necessary steps to mitigate your losses. 

This sounds like a solid resource, especially with James Dainard’s experience.

I know, it sounds good, but in most cases, if it sounds too good, it probably is. 

Sounds like enough interested people in this thread alone!

I think your thesis is sound in general, but I would want a hedge on my bet.

I know a gun sounds good in theory, but there are safer ways to protect yourself. 

It doesn't sound like you actually have an illegal unit here.... you have a two unit with a garden.

This is the breakdown:2 tenants on month to month leases ~$250-$350 less than market1 long term tenant (15yrs) is now on month to month lease and is paying $1500 less than marketAfter consulting with a couple of people and doing some research, it sounds like anything over a I should apply banking rent raise and submit a 60 day notice (all of these units fall into that category).

Hey @Aubrey Adams - not to sound blunt, but there is no good time to buy.

It sounds like you’re in a solid position with your skills, VA loan access, and local handyman expertise.