Welcome Aaron, sounds like you are doing pretty well with taking all the right steps.

Right...and if you go to court, I believe the judge will count that as accepting that months rent correct?

The building doesn't work for what we are planning and we have too much on our plate to try and take this on right on.

The challenge was finding the right property to execute the house-hacking / STR strategy and also to find the right contractors and vendors to manage a quick timeline and cost of the renovation.

Your in the right spot.

The renovations are cosmetic and are estimated to cost about 8k. 7.375% is a much higher interest rate than the other 4 properties I have, which are all between 3.25 - 4.25%, but I know that's just the situation with interest rates right now, and it may not get better any time soon. 

What you can do is a cash out refinance and pay off the Heloc and take out some cash and consolidate (2) loans into one.If you were to calculate (3) loans more than likely your "blended rate" would be higher than a COR right now.

With interest rates so high right now and property values up so much in recent years this would certainly help us when looking. 

<--This right here could be a point of negotiation to further drive down the price of the property.I hope this helps and good luck!

Does anyone have any quickbooks alternatives that work for class tracking and or can recommend an accountant (ideally in the San Diego area) that would be able to get us going in the right direction?