I've been fortunate that I grew up in a household where my Dad and Grandpa were both General Contractor's.

I have owned multiple businesses in the last 15 years I’ve been fortunate enough to have a few liquidity events.My wife and I originally from South Florida, and we moved to Austin Texas about four years ago.

Fortunately, the unit is in very good condition, and the HOA takes care of a lot of the other things. 

After spending a fortune and having multiple inspections, I had the City tell me that I had a stop work order placed on my project because its not an area that is zoned multi-family.

We are in a bit of unique (and albeit v fortunate) situation where:(1) we collectively have $100k in cash to use for investing.(2) we each have good to v good credit.(3) one of my brothers is getting his General Contractor’s license in a couple of months.(4) we each have a full-time W2 job making around $100k+/yearSide note: we even created an LLC for real-investing purposes.There have been so many directions we’ve looked at given this post-covid market/climate and there’s not one that stands way above the others.

We have one of the best hospitals in the country and several fortune 500 companies.

Paying people a small fortune to coerce them to move out of a home I own seems ludicrous and highly immoral to me.

We were fortunate to find their new home just outside of the required distance to qualify them for a second home loan rather than having to purchase it as an investment property.Another route would be to pull whoever is purchasing the new home off of the existing home's title to have them try to qualify for a new primary residence loan.

I’m one of those guys who was fortunate to make it.  

If you're fortunate to have this option, I would speak to as many lenders as possible to determine the best financing avenue for you and your potential co-signer.