Especially if it's technically costing you money to not be able to raise the rents up to or at least close to market rates.

@Jeff Beaman just be sure to check your local ordinances/codes around basement dwellings...these are usually pretty technical and restrictive...in general, basements are not considered "habitable"...and to make them habitable is pretty pricey.

But if you had it a short time, didn't pay down much of your mortgage, your own home, yes, the cash is roughly the profit, but technically, not exactly the same.

There are more nuances to it like ordnance and law coverage to cover increased cost for building code compliance if repairs go into something that's outdated under current code, but now you're getting into smaller, technical stuff.

@Peter J. technically you are in breach and they could come after your earnest money.

No need to derail a closing over a non-issue etc...The short version is your agents value is in their Network and technical knowledge. 

@John HeeneyYou want to make sure to go with a provider that will be there for you to no only process the required IRS plan updates but to answer technical questions.

But my main concern is more on the technical paper work.

If I send it today they will be technically evicted as of December 31, although I don't think they will be getting out by then.

What might happen is if you apply with the same apartment unit as the previous is you might get a approval with the same registration number as the previous owner.All what i am saying is everything is all automated and this is all technicalities.