She’s using “potential profit” from deals that were actually dead but not moved to “dead” section yet.

If you do turn that into a bedroom, move the door to where the current window (the little one) is on that other wall. 

If the purchase price is reduced for the atypical development conditions and the deal pencils then it's a project that you or anyone else could move forward developing. 

Hi Eric- I bought a condo in Jersey City last year, with plans to rent it out in a year or two after I move out.

Doing a refi now would move me from a 4.5% interest rate to somewhere in the high 7% to 8% range, so I am thinking of potentially selling.

Most likely it's not a smart move.

If they are moving in 3-4 days before the end of the month I might just ask them for the pro-rated amount and the full months rent.

So the guy called again yesterday and when my husband said that we didn't want to move forward, he asked why, tried to keep us talking and telling him what kinds of things we were investing.

If the City does not require it, tell your tenant they have to accept the home "as is" or they can end their lease and move out with 30 days notice.

Obviously, we would do that 30 year loan option otherwise you would be bleeding money....I mean, you will still be significantly negative going this route even with the 30 year loan, but you can still have a low downpayment option if you want to purchase move-in ready homes.