If the property has two units and both units are occupied, then a new owner can offer cash for keys (the easiest method) OR evict the newest tenant (or the tenant who is not over 62 or disabled and there are additional rules - check the RSO handbook) to move into the unit.

There are many additions that you could research around the web but for free and with an eye on local use Its great: http://my.mnbar.org/residentialrealpropertyforms/viewdocument/rpf41-minnesota-standard-residentia

@Josh Stanley, the CapEx I am estimating in is for the unknown down the road, and is in addition to the rehab budget (which I guess would also be a CapEx). 

In addition, I would investigate if the on-site manager is full-time or is only on-site for a specified period of the week.

I could just put it all on a credit card and try to pay it off over the next few months with my personal savings, but I could also try to either borrow or add it on to the purchase price.

An additional vetting by them may go long way in establishing a good team for the long haul.

It took an additional 4 months to close and the seller ended up spending $25,000 in legal fees to clear the title.I'd get the advice of a real estate attorney. 

@Steeve Breton from my understanding, once there is a non-accredited investor in a 506b deal, there are a few additional pieces of self-verification information that the Sponsor must collect, and once they have to collect if from NA folks, they must collect it from ALL.

If I were to remodel it, in to two additional units would I need to notify the bank? 

The principal balance is what he’s paying for not having the 1 million up front + he has to come up with the 90% (because he out 10% down) so an additional monthly payment is required to eventually pay off park purchase.