I have a condo that I have already rented out with good tenants and the lease is coming up at the end of the year.

I have no problem with the neighbor adding a vent, however, the location happens to abut our bedroom wall, where there is open space. 

I found a Condo that will Cashflow pretty well using HELOC funds as a downpayment.

Good deal- just as a comparison, I have 2 (2) bedroom properties in this area that rent for $675 each.

I currently rent a 3 bedroom one bath for $1,020.00 per month.

I had a friend move in with me into one of the bedrooms and they paid $500/month.

So I'll first lay out the basics of the deal... and then pose my quandary..... that felt like an elegant sentence lol. 2 unit building near major medical/college campus'Last 5 sales on street for similar properties- 350k, 350k, 450k, 405k, 505kARV- we'll say 400kSeller Finance TermsTerm Length-5 years, with option to extend 2 more years at 2% higher, 1st yr int onlyPurchase- 235kDown Payment- 15kNeeds: 85k in rehab-mostly exterior and some cosmetic insideTenants currently pay $950(two bed 1 bath) and $740(two beds one bath)-- The owner doesn't use 3 bed rooms upstairs-- he used them for storage.

FYI, a 5 bedroom home command about $2375 a month.

I am house hacking it (renting out two of the bed rooms).

Townhomes are 100% approved for FHA/VA financing from the outset - condos are a little trickier.