If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower.My understanding is that any lease over 3 years or any option agreement (aka rent to own)  is a violation of the due on sales clause. 

An attorney could also answer this in a second - and would prob propose a remedy cheaper than an actual eviction. https://www.revisor.mn.gov/statutes/cite/504B.271

A remedy to a place with more bedrooms is to rent out by the room with separate leases.

Meaning, it can bring a property up to FMV, but if FMV on a similar (already remediated) property is already $425k, you won't gain any value by doing this work.I would approach this like a lean flip.

The entire process, including termite remediation, took six months -- too long! 

Ashley,Georgia does not have statutes on rent withholding or repair & deduct remedies for tenants, but Georgia courts recognize a tenant's right to repair and deduct.For more information, see the Georgia Landlord Tenant Handbook, 2017, Georgia Department of Community Affairs.Also, check your local housing ordinances for any city or county rules that cover tenant rights when it comes to repairs.

If it is an outside liability claim (like someone suing you because your son killed someone with your car in a crash), if the LLC is set up in a proper jurisdiction with charging order as sole remedy (or your LLC is owned by a holding LLC in such jurisdiction), then the plaintiff would not be able to reach into the LLC asset.You can combine both by having the property owned by a land trust where the beneficial owner is an LLC.Using asset protection structures can be very efficient in protecting your assets from catastrophic lawsuit by limiting the risk to only part of it.

It should specify contingencies, deadlines and remedies for default.If the due diligence deadline stated in the contract has come and gone, then those due diligence items can no longer be used as a means of terminating the contract and protecting the buyer's deposits.What other contingencies are in the contract? 

Of course, if you have really deep pockets/reserves and are willing to have big cost overruns--throw money at the building--then full steam ahead.Keep in mind going forward, the asbestos can be remediated if the price of the property is right. 

What is your remedy in the event of a seller default?