BLUF: What’s the best strategy to market and rent a storefront property.

completly agaist the law but there is not enough money in it for a lawyer to touch it .. he is bluffing .. even if he paid out of pocket with hopes that he get reimbursed from you .. you can alway remind him over the phone that you to .. can hire a lawyer and he might be responsible for his fees ..Im sorry for your bad experiance with a terrible tenant .. and wish you the very best ..God Speed, Michael 

I was also not bluffing and willing to walk away because I never fall in love with the property, I just know what will and won't work numbers-wise.

Lots of bluffing and misinformation gets thrown around by agents at this point.

And when I asked the other two experienced buyers whether they knew about it, they looked at me like I was bluffing them.

BLUF: Ask a tax attorney. 

BLUF:  I have real estate, some investments and assets, and some inherited money in a retirement account. 

He could be just bluffing....At any rate, since you screwed up and gave him 50%, you have few options.

You could just post a note saying that they muct contact you within 5 days before you enter and remove their belongings as you believe the property has been abandoned.I'm not suggesting you actually do that but sometimes bluffing a tenant is very useful and far cheaper than the alternative.

BLUF: smaller the place, the more permits that can be waived.