Currently he has gone through and done a deep cleaning of the unit himself and we are having a certified professional through Service Master to do a free assessment to ensure there are no other bacterial issues to be concerned about.

All that said, I think the Tim Ferriss podcast was a miss.I listened about halfway through and was trying to wrap my head around what he was saying about his "10 day retreat of silence", psychedelics, deep dark places, needing a Psych PhD to keep him on the rails, questioning his own sanity and all that.   

Many will simply abandon their LLC and start up under a new name in a new area once they get themselves in too deep rolling deposits and payments from one job to the next.

Add onto that expenses and debt repayment and you are deep into negative cash flow that you will never recoup.

I work with a superstar real estate broker with deep experience working with investors and wholesalers.

I am in deep wife discussions to buy more

More important than the structure, however, is to take a deep dive into the sponsor’s financial projections and their historical actual performance versus their projected performance.

You should feel relieved that he is going at this stage and that you have two months rent to cover your time to find a good replacement tenant.I would continue to demand the additional months rent according to the legal contract and threaten to take him to court to collect.

Go eat a Deep Cove Pizza and think about this one before you tie up the next 3 - 5 years of your life.

I live in Central NY and agree that picking up land at deep discounts should not be difficult.