Request the tenants leave, flip to 3 bedroom, and rent to new tenants at $986If I convert from  2 BR to a 3 BR, I've calculated a payback period of 2.3 years... here's the high-level of how I came to that number:Annual Opportunity Cost:3 BR vs 2 BR Rent = $2,790My Time (expect less needy tenants) = $1,183TOTAL OPPT COST= $3,973 <-- This is a favorable numberCost to get unit ready as 3 BRTotal to flip = $7,551 (includes paint, new floors, converting basement to bedroom, etc)  2 Months lost rent = $1,510 TOTAL UPFRONT COSTS $9,061 <-- This is an unfavorable numberPayback Period =  $9,061 / $3,973 = 2.3 years (Note if I'm conservative in my nubers, this becomes 3 years)Couple more things to note, they're set up on re-occurring payments and have not missed a payment.

I am ready to start out and am looking for a real estate agent that knows the area of Boston and north of Boston.

Refer them to your mortgage person, make sure they pay the $40 to $50 cost for the report in advance and ask the lender to create the "Consumer Copy" report and sent to the applicants.   

Also, an aside, should I have >20% cash ready in advance of the deal? 

I am ready to submit my first offer for a fix and flip project and I need help. 

One of the reasons we are teaching our agents to be ready for the change. 

Feels like there's a soft agreement between this couple and the owner.I spoke with all other tenants privately and they seem to be very happy with the current non-property-manager.I like the idea of resident lawn care, but am concerned about legality of a resident property manager (I'm new to this and not ready for employees on a small triplex).

Use your free time outside of work to research different markets so that you will be ready to buy a cash flowing property once you have your down payment saved up.

We found a plot of land for sale that is wooded but has water, sewer and gas ready and also power close by (across the street).  

I would be ready to change the equity split.