It would take a couple of days but it would be a permanent solution that did not depend on cooperation from the owner next door, would allow you to focus again on earning more income. 

Is permanent life insurance worth it?

It also states that if "in the Owner's sole judgement" there is a violation of the agreement, the pets will be immediately and permanently removed, upon written notice from the owner.

Are you compensating the tenants to *temporarily* relocate while renovations take place, or permanently with a full buyout?

You don't have to live there permanently.

You may find that many of the smaller home town banks offer a rehab to a permanent loan where you borrow at a higher interest rate and then once it is renovated and tenanted converts to a hold interest rate and starts amortizing. 

@Samuel Cardenas HELOC can be a great strategy to Buy and Renovate but then you're stuck until you refi out with a permanent mortgage. 

Due to this semi-permanence, it would be much preferred to dump my rent money into equity in real property if at all possible, and get a few others to do the same for me.My thought right now is to purchase a house that is listed at $199,000 due to its location, style, etc., I could definitely see myself living in it through the remainder of school. 

For a SFR, 15% down is just a plain jane vanilla FNMA loan.The investment property 'hit' for 15% down is about double the 'hit' for the standard 25% down, however, and the PMI will be permanent. 

Double wides with permanent foundations are the easiest.