For bookkeeping purposes, I recommend designating a separate bank account exclusive to the house hack activities to keep some sanity.

I wrote the above for informational purposes.

@Kyle Carter You cannot directly use a 1031 exchange to purchase a primary residence, as the IRS mandates that the replacement property must be used for investment or business purposes.

Now if you could prove they were purposely steering qualified candidates to other units, or failing to market the unit at all, those would possibly be acts of fraud or gross negligence, which can be litigated. 

For tax purposes, rental income is generally recognized in the year you receive it, not when it is paid.

If they don't re-up, can you re-purpose the building (eg burger places will almost always stay burger places),  You're prob paying more than FMV on $/SqFt since it is income-generating. 

I always keep a lockbox at my locations for this purpose.

Here's how to handle your situation for tax purposes based on IRS guidelines:1.

We have built REsimpli with a very specific purpose that our users once understand love it.

If you’re passionate about windows and doors, you should naturally have plenty to share based on your expertise and the questions your customers ask.The main purpose of your blog should be to educate and provide value to potential customers.