A 1031 exchange company would handle all proceeds and disburse them at your discretion as you purchase your next property(ies).

Hoarder house update:  After cleaning it out and getting clearance from the city to proceed, I sold my $60k contract to a buy and hold investor for $83k.

Actually, in Subject To, only title changes hands, the bank still has the lien against the property and can call the DOS and proceed with foreclosure recovering their investment (loan.)

Private Source has exclusive rights to proceeds/disbursements up to 8% of initial cost of construction is reached each year (after which proceeds are split with me 50/50) and all right offs until I execute the option to purchase.

Arguing with people on here isn't going to give you recourse, or change your mind, so you should just proceed with legal action. 

To refine this point, in the case where you bought something for $X, as determined by the prevailing market Cap rate C and with an NOI of $Y ($X=$Y/C), then you proceeded to increase the NOI to $Z, in this case the result is NOT that you increased your Cap rate to $Z/$Y, because that is fixed by the market ... instead you just increased the market value of the property to $Z/C.

If you *know* you want to buy a new personal residence, I think you should sell what you own now and split the proceeds of the sale between down payment on your new home and however many rentals you can get for the rest of the proceeds.

So your 9% isn't correct it is 15.5%cash-on-cash = (1st year principal paid off + Annual EBITA) / down paymentYou should think about calculating you IRR as it takes into account price appreciation and exit proceeds.Here is an example of my projected CF.Then use the IRR function on the totals.Net proceeds should be the price appreciation - principal - commission.

Today my tenant called me and said that their friend needs to stay for 6mo to a year and proceeded to give me a story on why and said they would be helping her with the rent.

Everyone has so many good suggestions for you here on BP, and I know your situation will dictate how to proceed.