This is not only financially but also legally.From there, you can proceed.

With the refinancing proceeds, you can pay off your initial loan and use the leftover funds to purchase your next property.5.

A 1031 exchange would require you to identify a new property and use those proceeds towards a property.

If all necessary notices have been properly issued, the property owner should definitely proceed with filing for eviction.

What is the optimal way to proceed?!

In particular, they do not apply to a duplex that is owner occupied and the owner’s occupancy proceeds the tenant’s occupancy.  

Docket: A record of all cases and legal proceedings associated with a particular property or individual.This guide will help ensure a smooth and systematic title search process, even for those with no prior experience.

If I give sellers $100 from rent proceeds, it'll drop to $350 monthly.5) Do I need just a promissory note for both of us to sign and deed transfer document? 

This isn't realistic because all properties are appreciating in such a city.After one year: $400,000 x (1 + 8%)^1 x 75% - $300,000 ≈ $24,000After two years : $400,000 x (1 + 8%)^2 x 75% - $300,000 ≈ $49,920After three years: $400,000 x (1 + 8%)^3 x 75% - $300,000 ≈ $77,914After four years: $400,000 x (1 + 8%)^4 x 75% - $300,000 ≈ $108,147So, after four years, you can use the proceeds from a cash-out refinance to buy your next property.

Take into account the probable opportunity cost to the seller of being unable to deploy the proceeds where he will, and the seller is even further in the hole.Like I said, contradiction in terms.