Google NMLS consumer access website.

ChatGPT tells me that the cash out proceeds even if only reimbursing myself is non deductible because the proceeds are not reinvested in property

It is very time consuming to get permit approvals and you may be in a position where you need to extend, pay fees, etc.. when your loan is past due.   

If for some reason this falls through should I attempt to offer more money for a quit claim deed or proceed with the newspaper notification process. 

@JR Gonzalez, You can allocate the proceeds from your sale anyway you want. 

Hello, it is really time consuming for me to analyze each property by manually entering its data to calculate the return.

A 1031 exchange will allow you to sell your building and use the proceeds to invest in a small multi family and/or medium term rentals.

And your net proceeds will be $450K ish (again, the closing costs are subtracted from your reinvestment target.In this case you would need to purchase at least $450K of real estate using all of the net proceeds of $450K. 

The seller must've been very motivated to retire...are you buying any residential properties now or does this project pretty much consume all of your attention these days?

Time ManagementReal estate can consume all your time with endless tasks—client meetings, marketing, and paperwork.