My intent was to sell the home if the tenants decided not to pay the increased rent. 

Brittany,I'm going to assume that you are looking at a duplex or possibly a fourplex at most based on your intention to house-hack. 

Otherwise, if your intent was to stay there and you got an OO loan, but now circumstances dictate you move, you aren't going to have a problem.  

We don't have that many units, but thus far have intentionally bought rentals in areas that are desirable and have fixed up all of our units so they themselves are desirable; therefore they rent easily.

I have to intentionally lose to my son sometimes.  

Ill give you my two cents after your response.

I have no intention of building a team.

I think they both need to be served but fortunately, you know where they both live, so I doubt service will be an issue.At this point, even if tenant says "I promise both of us will move out by June", the mother has already expressed her intent to be difficult, so I would take anything the mother and daughter say from here on out with a grain of salt. 

Sorry, but I can't advise on matters north of the 49th, while similar I'm sure, stuff isn't the same.Canada is a party to the Treaty as to accounting methods of Option Contracts,  at issue is the fact that an Option may be determined to be an installment contract, they will look at intent, consideration, valuation and ability to convey, that means the option money may not be deferred but treated as an installment sale for tax purposes. 

That being said, we are not selling and have no intention of selling and the be fair, would probably "value" what we have built way more than a 3rd party buyer would value it should someone want to purchase the company.