Which aspects concern you most?

That will leave me with $30,000 in "boot" which I'm assuming I will pay capital gains tax on. 

This will keep the property occupied, and when a tenant finally does leave, having it look great will get it rented right away. 

My main concern is, what if a tenant drops in a partial rent payment? 

After sending the script above and explaining that anyone on the lease must reside in the unit, I would leave it at that and not entertain any further dialogue.

If the title company does not require you to pay the realty transfer tax twice for assignments, that raises some concerns about that company's ability.  

So independent of my concerns with purchasing a C level, 8-unit apartment (this would be my first apartment), can you provide me with an opinion as to whether or not this property is something that you would purchase?

I am told that after the work season tames down it will be closer to 30 hours per week doing some estimating in the office which might change my mind set on leaving so as soon as possible. 

We recently increased the rents of these old units by about 10%, leaving them still 10% under market, which we felt was appropriate for good, long term tenants, and for avoiding turnover costs.

They’re happy and always leave the review.