Estoppel letters are signed by each tenant and counter-signed by the owner as true and correct.

Great episode with Florida commercial real estate developer Joshua Pardue! Check it out on Spotify

Doing nothing may be correct for one person, and engaging in a complicated entity structure may also be correct for another person depending on the situation.Each real estate investor/professional has different risk tolerances, different levels of savvy, different abilities in terms of bookkeeping, different estate plans, if one has an estate plan at all, and different relationships.

I am learning but am struggling to tie tools, etc, together to understand a deal.  

If I'm wrong I'm sure someone will correct me. 

They have decent PM tools. 

Hey @Andres Triveno, this is always a loaded question and there are different answers.I agree that most often what @John Underwood and @Collin Hays said is correct.

If you structure your lease option correctly, it'll actually benefit your DSCR loan.I have a lease-option tenant buyer that's currently in a 10-year lease option with me. 

Once a default has occurred - be it missed monthly payment, note maturity, etc, the note holder or their representative send a letter to the debtor notifying them of the default and providing the statutory timeline for corrective action.

Their argument, if I understand it correctly, is that I have two buildings on the property.