I tried to poke holes in this, but can't seem to.

@Jeff BridgesAh, finally we get the substance and avoid the humiliatingly ignorant chatter of those good people who would love to be able to move bathroom fixtures around arbitrarily in a remodel without being bothered by the pesky reality that, hmm, well, little chocolate children must flow consistently downward in order to leave a bathroom.Can you cross a joist with the 3-inch (that's actually internal diameter, it's 3.5 inches outer diameter for Schedule 40 PVC or ABS) waste pipe of your commode, by drilling a big-a$$ hole through a joist to get it through and weaken it significantly?

Here's where my rabbit hole of a thought process comes into play.  

It may be in your interest to offer them a monetary incentive to move/cover their moving cost/etc. 

Without going down too much of a rabbit hole, a 1031 exchange is out of the plans because of my partner does not want to pursue this.

I know there are a few holes in my plan of attack, but I'm curious as to how I can navigate this without backing myself into a corner and having the IRS see an issue with the property.

I worked as the feet on the ground for the property itself, painting, lighting fixtures, patching holes in walls, added carpet to the master, and contracted any needed labor outside of my abilities.

Citibank has a 2.2% savings right now, but there are holes you have to jump through.

If there's a hole, it may be a red flag.b) sensitivity analysis: I examine all the assumptions, and make sure I can live with the worst case scenarios.c) "Stall and see": if they are getting money over multiple years, and there is no penalty for investing later, I would usually wait so I get some real performance data, versus having to look at theoretical pro forma information.d) Recession stress test: I will not invest in anything, until I subject it to recession level stress and see if I can live with the result.

I've found myself deep down the forum rabbit hole since I got on this morning haha