I don’t usually let my emotions make decisions, but I’d been on the fence for a while about giving her notice to move out so I could either 1031 the property, move back into it as my primary residence, or convert it to a by the room rental for a better return.

The great thing about these types of properties, the emotional attachment from the seller, is all but gone.

It is so important to make sure that they're covered for a myriad of reasons (ie.make sure that their personal property is covered, along with temporary living expenses - ie. if something happens within the property that forces a tenant to need to stay in a hotel, most renter's insurance policies cover that cost).

Your account is closed lol but I'll answer anyway, the answer depends on the area but typically you can have the seller remove the bath or get a temporary CO/ C of C to allow you to close on the property but you'll be given a finite amount of time to remove it on your own.

@Dawn Brenengen Yes he does, I think he is just emotionally attached to the property and wants to ensure it will be placed into good hands.

If you need the cash for another house, you can refinance your current house or get a second mortgage/heloc to get it (make sure it cash flows though)...This is the plan we originally had for our first house, but listened to “conventional wisdom” and emotions... regret it thoroughly now though.

Like most folks who get into financial trouble, their first thought is often "This is a temporary problem; I can fix this."

Put your emotion out of it - I lost 5 before winning these two, and almost won another after.What auction house are you looking at?

Found another 4-plex with good/great numbers (>$200/unit CF) which I am now under contract and moving fwd with inspections and a lengthy close secondary to seller (as you read further, should I consider getting out of this contract - only $500 in earnest).Have always dreamed of owning the apt complex my single mom and I spent a few years in growing up (yes, there's an emotional element here).

Also, GI Bill is temporary and cannot be a permanent job or career.