It will cost you in the beginning but it will save you in the long run (an ounce of prevention, worth pound of cure!).

Would the tax issue prevent me from doing a cash-out refinance with a lender?

There was significant damage in the unit below.I spoke to a lawyer who advised me this was an accident and I was not legally liable.

Ideally I want to be there for a year or two then move out and continue renting each dwelling unit.I am wondering if there is anything legally that would prevent me from doing this without going through the process of making it a legal duplex?

It can have provisions if business is shut down for so many days etc. then landlord can take over the space and lock out.Some leases for doctors have termination provisions if they lose the ability to work with their hands because of an accident or health issue etc.

There's a big difference for you and an investor, This will determine if someone buying today will be coming from an investor pool or an end-user Owner Occupant pool. 1) Possible scenarios not listed is you may accidently come across someone trying to place 1031 money last minute and will do the deal.2) You have two distinct groups of property, 7 of them are Class A/B+, and 9 of them are Class B-/C, maybe you sell the B-/C properties to the investor community in bulk which would be easier if you didn't have the Class A/B- properties that won't make any investor any money, just sell the higher class 5-7 properties to OO's.

I stumbled upon this post by an accident but if you still need to talk to someone in Korean or have any question, you can PM me.

I’m just trying to figure if it makes sense to delay the closing to 2019 but my question I mentioned above re: the date of election after starting the flip project is whether or not it would prevent me from getting taxed as S Corp on profits from that certain project because the election would be made after the project started?

Fannie has/d a deed restriction on their homes that prevented a lot of buyers from flipping them as-is.

Your best payback is actually sealing existing windows to prevent drafts rather than replacing.