The key is balancing cost with the value of your time—both approaches can work, depending on your priorities.

In ID I dont believe there is any high balance FHA limits that I know of (Coeur D'Alene, ID).Then again I dont think you need high balance limits anyway as the regular limits of FHA 4 unit property are well in excess of 1.4M and Im pretty sure the fourplexes in CDA arent that high unless you've found a unique Specimen of a fourplex house hack strategy.

Your remaining balances weren’t entirely clear on the two mortgages, they are really low rates, so instinct is not to refinance them, but sometimes it is worth it for the longer term vision.It also seems like you may be considering tapping your equity to replace your income, without knowing your age or long term goals, this doesn’t seem like a great idea on the surface.If you are interested in jumping into real estate full time to replace your income you should realize that is probably going to take 12-24 months.

Lease expires July 2025.can we sue for remainder balance on lease? 

The buyer then sends their EMD to the title company, and you specify to the Title agent that any EMD surplus balance is sent to you at closing.

The biggest takeaway from this deal was the importance of balancing renovation costs with market potential.

Balance.

I can pay a portion and you can pay the remaining balance."

A buyer making a huge fuss about EMD is likely going to be a red flag in the seller's eyes.Best way would be to negotiate a smaller amount up front and then put the balance of the EMD down once you've gone through your DD.

if your doing a senior project I would suspect your best and most cost effective landing solution is going to be a local community bank that loves real estate.. in my experience most will want 50% down on the dirt and a ton of experience and a really strong balance sheet.Myself I always pay cash for the dirt this makes finding a lending partner much easier.