.—(1) Within 14 days after receipt of the written request of a mortgagor, a record title owner of the property, a fiduciary or trustee lawfully acting on behalf of a record title owner, or any other person lawfully authorized to act on behalf of a mortgagor or record title owner of the property, the holder of a mortgage shall deliver or cause the servicer of the mortgage to deliver to the person making the request at a place designated in the written request an estoppel letter setting forth the unpaid balance of the loan secured by the mortgage.

In my mind a fair way to proceed would be to either keep collecting and splitting the rent equally OR sell and split the profit and each starting fresh. 

Hi @Giovanni Moreno, welcome to the world of real estate investing :) If I was to go back to 18 and start fresh these are the first three books I would read:- Rich Dad Poor Dad- The Millionaire Real Estate Investor - The Richest Man in BabylonThen, after getting started with a rental or five, I'd read the following:- The ABCs of Real Estate Investing- Buy, Rehab, Rent, RefinanceStart with a solid foundation and a growth-mindeset and you'll have an unstoppable future!

If you do have issues with the FHA loan you could always reach out to the seller and either A) See if they would deliver the property empty or B) advise that you wouldn’t be approved due to the issues around the tenants.

This led me to start thinking of creating an LLC to write off all rehab including fresh paint, new flooring, etc. 

If anyone is looking for a conservative place to live with good people, nature, fresh air, no traffic, personal freedom, Kanye West, and one of the best-looking REALTORS on earth, call me.

I sometimes use new guys even though I have a tried and true option just so I can keep my list fresh. 

The current owner has to deliver both units vacant. 1 has been vacated and we're waiting on the second unit.

The fact that he is reluctant to deliver it vacant may be a big red flag that the tenants are going to be very hard, if not impossible, to get out.

Came across while hustling delivering food for more investment cash.