The main thing being: giving up a property that appears to have appreciated pretty well is just a touch pill to swallow and I've regretted a few moves I've made when put in a similar situation to yours, and I had less equity in mine.It sounds like you're moving to Raleigh in the near future and want to buy a multifamily to househack.

Still, you may not have to submit your tax returns. more info would be needed to know for sure, reach out to a seasoned loan officer for pre-approval and see if your situation would allow for this. 

They might have access to portfolio loan programs that fit your buyer’s situation. 

With out reading th contract I can't know if it is legal but it sounds like they created a situation where they have to be the manger.  

I self manage my properties and I screen tenants very hard to minimize these potencial situations.

My question to you all is: have you ever had to deal with situations concerning family and friends not fulfilling their respect for you and your property as tenants?

If this was your current situation (paid off house in my location) and had less than stellar credit, what would you strategy be to scale quickly but sustainably? 

Costs and Timeline: The process of splitting and developing lots can take time (1.5 years) and may involve significant costs for permits, construction, and other development fees.If you want to learn more about how SB-9 can work for situations like this, check out our website "CityStructure" for more info and helpful resources.

The ideal situation is you guys updating and moving.

It's either going to be a single family live-in flip or a duplex/triplex situation.