We live in 1 unit and will rent the others.The issue at hand is that one tenant has/had a verbal contract with the previous landlord (they are family). 

But now we are finally ready to start a family and need the space for our home businesses, in-laws, etc.

If not, that's on you.I would've paid him a more fair amount and got a soft & firm estimation on completion, and priced him to do it on the quicker of the two with no workmanship issues.

Any metros that over built the last few years are having vacancy issues.

Quote from @Donna Beth Perch: If you are going to manage for someone else, it's important to understand the laws and ensure you abide by them.

We are constantly having to deal with the state’s newest laws which almost always are a net negative to landlords, however we just deal with it (not much we can do), and are still able to have great investments as long as you understand and keep up with the tenant laws. 

@Hunter Jordan, if you have a well vetted lease written to conform to your state's laws then the answers are within.

Currently under contract for a large off-market residential property.Quick details: 4,200+ sqft 12bed / 5bath (2 kitchens) (No a flood zone)(Light - Medium rehab / rent-by-the-room play)My partner has been a PM in this community for 20+ years and is highly confident in this deal (as am I).The current issue is, we aren't confident the property can close with a bank due to a few seller complications.( ^Very long story, but if you want to hear it I will tell you haha)We're looking to over-raise about $335k ($255k purchase and $80k for the rehab).But we (and our contractors) know the rehab portion will come in a bit lower.Can anyone point me in the right direction?

I think the biggest issue is they all start with a "Cash invested" amount and I have no idea what mine is at this point so I am lost out the gate.  

I’m concerned that it’s a fire or safety issue?