Especially if in reality the carpet has lived most of its useful life and its time to change them anyway...I totally get the desire to want to stand by your principles.....and I hate to cave to tenants since it also trains them to be a PITA to their next landlord.... but its s business and you have to pick your battles and move on

The mom and pop tenant could be inline  for a shopping center versus stand alone single tenant building.

I think there are two categories of companies that offer long warranties on their work. (10-15yr for roof work for example)1) they truly stand behind their work.

If I stand correct they predicting 1-2 years for the RE market to stand back on his feet and around 10 billion dollar in mortgages that people gonna have problem to pay now= tax delinquents = opportunities .

.: 1st floor demo 4th pic: Bathroom & backrooms still standing pre-demo5th pic: 1st floor as open shell , all walls down & new sub floors 6th pic: Framing of 1st floor started GROUND/CELLER FLOOR: BELOW 1-2 pic : Pre-demo 3 pic.: demo (All walls taken down, a total MESS!)

Where we stand at the moment is he has capital, he is interested in investing, but with his job and family he doesn't have the time.

The SPE stands by itself as the entity that controls your (you  personally and his existing LLC) investment.

Fellow BPers,I am in commercial RE development of smaller stand alone buildings that at this point are fairly cookie cutter.

If they have good standing with the previous owner, you can use your best judgement on whether to let them stay.Purchasing properties with inherited tenants requires careful handling.

Matt is a stand up guy.