I know the seller will have his own feelings on what he'd be willing to do, given that a large gain/loss could have tax implications for him and his business, but I want to be prepared to move forward with whatever option is available. 

I am now going to live in one unit and rent the other two while I save and prepare to finance the next one.

Drop out and jump in feet first and be prepared to lots of money...

I prepared mine with H&R block software and they made it pretty easy to enter my rental info.

Although it's a strategy that's good for beginners, there are plenty of very experienced RE investors who continue to HH.Plus, if you do decide to BRRR/Flip/wholesale a property in the future, you'll be much more prepared to do it if you have a HH or two under your belt--a ton of the lessons you'll learn from a HH can be used to successfully execute a BRRR/flip/wholesale!

Hey looking for recommendations for good tax preparer in the Atlanta area, preferably south Atlanta.

Be prepared with both options written up (new lease w/new terms and quote from licensed professional to return unit in original condition) when you meet with them and have them sign it on the spot. 

"Never point a gun unless you are prepared to shoot".Do you want to get rid of this tenant or  do you want to keep them but get them to pay.  

If they are not prepared to sell and move to a rental they should not be taking the risk of refinancing through you.

I am preparing my business by looking at other avenues.8 am not sitting around waiting for it.