@Shannon Phillips ,The rent control exemption for Section 8 applies to the circumstances of the tenant, not permanently to the building or to the individual unit.

While there is never only one answer that is correct for all circumstances, there is a general rule that is almost always the correct choice.

The property I flipped was a craftsman style with all the original woodwork which was severely beaten up from years of neglect, so he suggested I take a slightly darker stain and go over all the wood work.

She should be understanding of the situation given that I explained the circumstances to her before the fact.

Buying a neglected, 125 year old, 3 unit home in a historic neighborhood as property #1 is dishing me up as much as I can take but you can "swallow an elephant one bite at a time" and that's what I'm doing with that one.

And so far, I am doing awesome thanks to the support of my family and work (VERY cheap rent and I work at a restaurant so I get free meals)I have never been so focused in my life; I use to blow my paychecks and live in the moment, neglecting what my future could have in store for me.

At least then you'll know if this is a tenant being nit-picky, or if it's a sign that the previous owner neglected possible issues. 

In what circumstances we should use cash out refinance?

Secondly, under no circumstances should you ever do a lease option deal with no $ down.

Here are some information I found from IRS website:https://www.irs.gov/publications/p523/ar02.htmlDoes Your Home Qualify—Details and Exceptions Partial Exclusion May Be AvailableShowing facts and circumstances.