If no agreement is reached, the project becomes ineligible for SB-423.

Don't want to pay tax on selling the rentals I unfortunately don't think they actually want to utilize the 121 to sell their existing primary and then potentially buy another one-it sounds like the goal is to ultimately continue owing that initial home which I think makes this whole plan 5x more likely to be torn apart under audit because they're trying to end up with the same property they started with.  

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Hi @Matthew Mclean, feel free to reach out via email to any of the real estate-savvy CPAs here on BiggerPockets.

I sent email notification to all tenants the following day saying that this is unacceptable behavior since it can potentially cause a fire and carbon monoxide poisoning.  

Breaking Even & Potential Cash Flow•Your goal of breaking even in Year 1 is very achievable, especially with a 5% down payment and PMI removal via renovations.

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In Collin County, consider properties with strong appreciation potential in areas like Plano or Frisco.

Hi my names Jordan, really coming here to potentially get in contact with people who have been or are in similar situations.