The specifics of your situation will determine where you might need to fall on that spectrum of holding period.

Just depends on the situation/scenario.

I could be wrong or out of line, but I feel like this is a field where you really need some good expertise/experience to know how to address the variety of crazy situations that will come up.

I’d love to hear your thoughts on the best course of action in this situation.

Sometimes the asking price does not reflect what's actually going on, there's a tenant, there's a change in the seller's situation, etc. 

Most will work hard when they are doing the capital call (a few of my deals did that) but some actually called to discuss the situation.

I would recommend consulting with a tax professional to gather more details to confirm this based on your situation.

I see many situations where one generation wants to buy out a prior generation or, more typically, siblings.

@Tom OchiengI would reach out to a real estate attorney for specific advice on this situation since you already have one tenant who is being difficult.On a side note, when I have inherited tenants, I have been most successful when I have provided longer non-renewal notices, like 60-90 days, and offered to assist with moving costs.

A HELOC felt like the right approach, but I'm learning it's pretty impossible to find a lender for my situation.