Inheriting tenants is not up there on my wish list.Never let the seller talk you into keeping someone on, it may be more to their advantage than yours.Seems you have inherited a nightmare tenant.Couple of things are outright concerning here:1.I never allow tenants to change locks and I will always have a copy of the key to be able to get into the unit as needed.I do however work to provide notice when feasible, not always possible in the event of an emergency but this is also detailed in the lease agreement;2.The mold defense is one if not careful tenants will try to use against you.Closing on a house where the existing tenant (that we are inheriting……yes, I know, I know, I had to keep one to avoid double vacancies) reported mold.I insisted that we do a test before closing as I did not want to take on that liability.No mold found and we have the professional report from mold testing lab and inspector;3.Prior evictions?

I think you need to make a plan, writing down all of your wishes and get a local architect, design professional or at least someone with construction experience in your town to at a minimum discuss the feasibility of your project and ball park cost.

Hi @Dhanush Kondoth, I would try to stagger them anyway you see feasible: some might have to agree to shorter than normal leases while others might have to agree to longer than usual leases.

With these 2 products, it is feasible to keep a routine easily without leaving the home.Just a thought.

If so, you may have an exit strategy if it could be done economically and feasibly (probably depends on the layout)..

I agree it will depend on how it is presented, it isn't common to have to write a letter of explanation to an underwriter however this seems like a hard sell with the information provided.As mentioned by others, this may be easier with another loan type, if it is feasible on your end. 

So, what you stated is certainly feasible.  

I've completed several feasibility studies for clients in my capacity as an adviser, as well as countless supply and demand studies.

Are we missing something that makes this type of normal financing not feasible?

Through some leading providers of RE data, I also provided detailed comparable property analysis (rental comps & sale comps) to help these groups understand if their value improvements will be feasible in a given market, what rents the best comps are currently achieving, and what kind of reasonable terminal value is achievable.