However, if it causes sleepless nights, worry, etc. then maybe it's not worth it.You sound like exactly the kind of investor any lender would want to lend to without hesitation.  

Sounds reasonable, no?  

Originally posted by @David Vilfranc:Hello MarcThe house has been rented out for 3 years and with a postive cash flow of $600.00.Something doesn't sound right. 

Figure out how to keep your job and wake up 2 hours earlier, plan your calls at lunch and plan your activities at night to move pawns in the 5 chess games at once.Then at year 2 or 3 when you have proven 1/2 to full job income replace you can have those conversations of, is it time for full-time.I still run a tech business.  

Usually if it sounds to good to be true, it probably is. :)  But I can vouch for Cozy being legit, and I have no affiliation to them other than I'm a customer. 

I live right up the street and plan on staying here forever so my rentals are next door/close by.The two houses are grandfathered and if I want to replace them they give me a 30-day window to replace which isn't happening unless I go mobile which I do not want to do. 

I wanted to make sure we're not missing anything before we close:Requested an estoppel agreement to be signed at the final walk-throughNew/updated lease will be signed honoring the previous termsRequested to see the rent rollWe have a copy of the leaseThe sellers agreed to replace the roof before we close; we asked for the roofers information to make sure they are licensed/will pull a permit, and to get information on the roof.Will confirm that security deposits will be transferredAnother concern/question I had is about paying cash for keys.  

make sure the insurance is for replacement cost and not property value in case there is a difference. 

It does put  you in a position of looking to purchase in a sellers market but if you factor in the taxes savings you're still getting a deal on your replacements.  

It sounds like you don't want a rental - so you need to look at your options to sell...owner financing, conventional, etc.You could do an Executory contract as a means around the 180 day limit but would seek legal guidance as there are lots of disclosures and risks with that route.Also, I assume this is residential - the requirement does not apply to commercial or investor purchases.