AlSO, avoid companies that require money up front just to apply.

Since your husband is 59.5, early distribution penalties wouldn't apply, but taxation still would.

When you apply for financing, the lender is going to dive into your finances and still require you be able to cover ~6 months of costs (held in a liquid asset), and may not count the rent generated from the other units. 

Any Option fee gets applied to the sales price. 

After I purchase the tax deed, I need to apply for a quiet title and after I receive the quiet title, I need to start the ejectment process.

I believe the City does not offer refunds, but you could have applied for a license with a small business exception if you don't think you are going to make over $40k in the year. 

We then started the process to apply for conventional financing on the property. 

Now that statute only applies to Philadelphia and Allegheny County, but I can see tenants arguing for protections using common law principles. 

Hello all, I am wondering if the 3x the rent income rule applies to the entire household or each individual tenant.

Hello, Out of curiosity, if I were to sell my investment property before a year of ownership, is there any additional capital gains tax applied to the already set rate?