We're based in Tampa and, in addition to personally investing, I own a mortgage company that provides financing for tons of investors.

Once you have cash in hand, you can unlock the unit for 24 hours and let him move his stuff out.I would also consider charging an additional deposit of $500 or something, just to prevent him from leaving all the trash or stealing your refrigerator.

If we waited 12 months and got up to 80% occupancy would have netted an additional $500,000.  

Additionally, Mr.

Additionally, I wanted to begin using properties to pull equity to go towards buying more.

Sounds like you put in a ton of work to maximize the value, and that basement addition was a smart move.I noticed you mentioned the NYC luxury tax and some of the rental pricing challenges—have you considered expanding your portfolio in markets where you don’t have to deal with those kinds of headaches?

Any additional will be refunded a few weeks after the auction. 

In addition to reviewing the numbers, take time to tap into your intuition (through meditation or other method) and your gut will help you make the right choice.

Then if I have additional concerns I call in an expert to get further information and an estimate on what the repair will cost.

Considering that, you are likely going to see appreciation year over year, which essentially will be additional equity you'd capture just by simply living in the home.