I've been working part-time and going to college full-time basically since I graduated high school in 2011 and am going to be working full-time and going to school full-time in the Fall to allow myself to put away as much into savings as possible before this next year. 

Basically I was trying to incentivize them to move to the upgraded unit so I could get my rehab team in the old unit ASAP.

Here is a screen capture from "Emails and Financials" you will find that the first lender basically asked for the farm.

@Jordon Milford without even changing any numbers it would be a hard pass for me if I were looking at this deal, your current calculation shows you would make $11/month as it stands, so basically no cash flow.

In most cases you're basically rewiring the whole building.

This "master plan" is basically starting and developing a portfolio of rental units. 

The three family has not had a recent appraisal but seems to have conservatively about 50K in equity in my market.This is just the basics of my situation.

My friend (who lives in the area now) and I are considering buying a very basic, 1 or 2br1bath condo that we hope to maximize rental income through 30+  days medium-term rentals- since I lived there and even my last visit earlier this year, I actually didn't realize how stringent the str regulations had become, and I still don't know how small-time landlords actually deal with the laws now.

Talk to a CPA.Yes there are depreciation implications, as you would basically be stepping into the shoes of the previous owner of the LLC.

He basically said it was way more hassle than it was worth because of the extra filings because it makes me an scorp now.