If you go this route, you'll have to stop accepting rent payments too.All of the Florida Statutes are online; I have them bookmarked and consult them as necessary. 

The other two units rent for $800 a month, for a total of $1600.Does this mean it does not pass the self sufficiency test?

I would work closely with an SEC attorney to understand what you can and cannot do.If you are working under 506(c) Reg D, you can accept more than just accredited investors, but you cannot solicit them. 

Experience: I have a rental property for the last 8 years.Credit: Excellent.A few questions:(1) Should I apply for a hard money loan after offer has been accepted or a contract is signed?

(Even though it passed all smog tests!!!!)

Such a plan could accept a rollover of all or part of existing retirement plan accounts.

If the contract is subject to "existing tenancy", does that mean I accept the tenancy at the time of the contract or any existing new tenancy?

@Howard Handler, the art comes in finding the deals where the seller accepts $106k for whatever reason.

I get access to houses before making offers to wholesalers, because the ones I've dealt with will not accept an option period - the EMD is nonrefundable, with the only exception being clean title. 

Cash for keys can save you time if tenant accepts.