You technically haven't evicted them until after the court date, which could take weeks.

How does a LOC work if the properties are under a commercial loan, but technically not a commercial property? 

I got my agent to get us a tour and did a walk thru upon arriving I noticed it was actually 2 bedrooms with closets and 1 bath and the 2 other rooms are upstairs no closets technically bonus room with just storage space to the attic. well I'm a new investor and it's listed in all my resources as 4 bed 1 bath, but my Comps for a 4/1 are at $266,000. aside from the rehab costs I'm having issues trying to determine usable comps for this property, and there isn't space to add a second bathroom for the upstairs without major layout work which I would like to avoid. 

I also wonder if they could say no to relocation assistance because we could technically still live in our unit—it’d just be painful with the loss of access and construction noise.Or could “terminate a tenancy” simply mean changing the lease terms?

@Michael A. technically, FHA loans are never "competitive" against other loan products or cash.

Also be aware that the money is technically not yours until time passes.

Just talked to county treasurer, and although willing to work with me for the fee, she is short-staffed.

I'm worried to tell the lender about it because I don't know if it will effect my chances of getting a mortgage as it's technically me switching jobs.

So, hypothetically, if I put 10% down on $100,000, renovated to increase its value to $150,000, I would technically have 40% equity in the property (excluding the principal I've paid off) meaning I wouldn't have to pay the mortgage insurance on a conventional loan?

Technically these are townhomes, so technically two, but it looks like a standard duplex from the outside.