Our tax person mentioned that if we move it into a solo 401k then i will be taxed significantly because it will bump me up to a new tax bracket.

If they aren't interested in selling, knock on the next door down or where the mentioned a neighbor may be thinking about selling.Repeat, Repeat, Repeat.Tip..... if someone has a sign in the yard for a car,or boat, or yard sale, etc., start a conversation about that sign first.Hope that helps.Derek Dombeck

The one tenant mentioned there are gaps for air flow, which they tried to correct on their own (prior to us owning). 

As I mentioned, a had a prohibition on the mortgage for doing this.

The lease should not mention anything about an option to buy, and the option should not refer to any lease. 

I was thinking along those lines that you mentioned Raymond about getting a property manager to help with selecting a good contractor.

I'm not sure the area my property is in would qualify for anything of the things you mentioned.

During the conversation I mentioned that I also own a single family property and he expressed interest in taking a look at it, which we did.

I would never do this because it is against previously mentioned second requirement.

You mentioned breaking even and also walking away with $20,000.