You can only convert under a non-eviction plan.

A little more informationL Our HML didn’t want us to owner occupy, as it still was a non-owner occupied product, but had no problem lending to us in our own names, with no entity involved.

Kitchen has had an active leak- source unknown- that has damaged most of the cabinets, master shower and tub are non-functional, AC unit needs to be replaced, garage door needs to be replaced.

Even if you create a non-CA LLC, if you are managing the business from California, you will be deemed to be "doing business" in California and therefore subject to CA taxes.

Fannie Mae cuts you off at 10 financed properties, so does your lender have a full complement of Non-QM loans or Portfolio loans.

Increased the rent on all 4 as well. 25 a piece for the 2 non remolded units since they didn't want to sign another lease (weird I know).

Googling for information about Due On Sale clause and the Washington State non-judicial foreclosure process and timeline, I stumbled across this interesting bit from a  Washington State lawyer's obituary:Not content to be just another escrow office, in an era of extraordinarily high interest rates Jerry [Jeremiah M.

I know you said run but if this issue proves to be a non issue, this is a solid double or triple in the deal category 

The IRR is low, and the cap rate is below my threshold (although cap rates aren't generally used for non-commercial properties, it is still an interesting metric to consider).

Likely work with Fannie or Freddie for a non-recourse loan.