If you live there and are currently renting, then there still is a pathway to house hack say a duplex and better your situation.  

He has reached out and we are working through issues caused by the COVID situation.

It would definitely be fraud if this was the case, a recent post from an auctioneer talked about this exact situation, where they said the auctioneer was liable (different bedrooms/type of home example you don't have to read it) States would differ though and it doesn't seem black and white. https://mikebrandlyauctioneer.wordpress.com/2022/07/12/no-li...I do agree with you that it could very well lead to being burnt, however.

You can enforce either notice so you may not need to wait the full 90 days in this situation.

With actual cash, you just transfer it. yes, but you can still bid with lender approval - without appraisal contingency - you send in deal (app), it gets approved by lender its functionally the same as cash (except in true lightning speed situations where there is a quick auction with little time to prep but thats generally pretty rare I'd think)Right, but that's not cash or functionally the same as cash because the lender can change the terms at the last minute, as often happens with less experienced hard money lenders.

I'm in that situation and have a tenant that wouldn't turn on gas.

And you're right about avoiding weekly travel—sound systems can save you time and stress!

I will return to this situation in the end of this post, but first let me show you why the age of a person can be tricky when it comes to the IRS.

I am in the same situation.  

Prepare for additional costs: If you’re adding units, you’ll likely need to address the water meter situation and possibly upgrade utilities.