The after-repair value (ARV) is projected at $428,000, potentially reaching $477,000 if sold individually.Two houses require rehab, while two are rental-ready.

Different banks have different requirements. 

I find my online banking basically becomes like a dashboard of my current status and I find that very useful.

@Patrick Irish based on what you say, the Sec 121 Exclusion and the 1031 Exchange both seem like they'd be good options for you to defer capital gains on sale of the townhouse.Sec 121 Exclusion has 3 requirements: First, Determine whether any of the automatic disqualifications apply (acquired property through 1031 exchange in last 5 years, or subject to Expat taxes)Next, meet the ownership requirement -> you owned the home for at least 24 months (2 years) out of the last 5 years leading up to the date of sale (date of the closing)Finally, meet the residence requirement -> owned the home and used it as your residence for at least 24 months (or 730 days) of the previous 5 yearsThere is no “Wiggle Room” but there is a Sec 121 “partial exclusion” for people like you that missed the residence requirement by a few months.

The heads-up is much appreciated, will have to dive into their videos online as well, once I make the switch. 

There are lots more rules and the process is very technical and unyielding.Consider AB-175 which clarified SB-1079 and significantly tightened it.Call the trustee that represents the lender and ask them what they require.

However, both leases say they require 90 days notice- see belowAgain, I’d like to get the downstairs tenants out asap and raise the rent upstairs asap as well. 

In that case, they may require the loan to be paid in full within 30 days.Insurance Requirements: You will need to obtain a new insurance policy naming you or your company as the insured on the policy.Credit Risk: If you don’t make payments on time, you can hurt the seller’s credit, and risk foreclosure.Buying subject to carries risks for homebuyers and may expose sellers to liability.

There should be an alert or something informing each party something is required before moving on to the next step.  

And that might require increased furnishings spend.