If not covered by the lease, why didn't the seller provide you a lease addendum about this ahead of time?

You will find other newbies there and others who are only a few months ahead.

If you just called someone up and asked how you could help them, you would be ten steps ahead of Bobby, who is stammering through the first line of a script from 1974 about a cash offer when the homeowner bought the house for 51k in 1978 and it's worth 804k (aka does not need cash, he needs a place to go).Agree 💯!

If you think ahead, you can minimize recapture with the right tax planning.So...

It sounds like there is some scale in the deal for a fix and flip, but you would surely be way out ahead of your skis to do that based on what you said.

When the market swings the opposite direction, you'll be ahead of the game.

Is there any way to get PennyMac to lower the payoff amount, at least to just the principal amount, enough to cover the partial claim, satisfy the mortgage lender and be able to afford to relocate my family (I only need $7,000 to $10,000 to get a vehicle/uhual and move my family, and that includes the new place)?

If you buy in at a good cost basis with solid fundamentals, you're going to come out ahead in the long term.

Much easier to put your cash in a different investment vehicle with less risk.

I would say this to make sure you are planning your financials ahead of time to keep your options open and help you be more flexible when working on deals.