It really depends on what you are wanting and the goal of the purchase.

STR can be great depending on your market!

Converting the partnership into a Tenancy in Common (TIC) could work, but keep in mind this requires dissolving the partnership structure and redistributing ownership, which may have tax implications depending on how it’s handled.

Because (depending on the business), they may not be necessary.What are your goals?

Depending on why you are evicting the tenant, Illinois has 3 different notice periods: Five Day Notice of Eviction The Five Day notice is only used for non-payment of rent.

Depending on what resources are being used to find the comps they may be ambitious.

@Cynthia Lee it depends on your state and local laws.Here in Michigan, we can accept partial rent payments up to the Writ status and have it not affect the eviction process.

It 100% depends on your contract.

Then it could potentially be legal depending on how it's worded.

Be prepared for trial runs with several different candidates if you choose to hire a handyman to make sure they turn out to be qualified and dependable.