Don't know the terms of the offer or if an agent was engaged in the transaction, but this is a case where DIY fails due to insufficient understanding.The offer should have NOT been on a standard residential form, but used a Commercial Property FormThat form gives the opportunity to require the seller [x]  To deliver the property vacant.OR on the standard form, to add that contingency Without that, the BUYER is required (in Calif at least) to perform a NO Fault Eviction and that means relocation fees will be awarded to the tenant.I fear this was a DIY purchase and you're on the hook for the consequences.

With the Checkbook IRA LLC, the IRA itself is at the back end and simply owns an IRA for which you can have signing authority and operate out of a bank account of your choosing.Again, if the IRA will have equity in the flip, then the IRA is engaging in a trade or business activity as opposed to passive investments such as hard money lending or rental income.  

Now that we understand each other better and, in an effort to avoid an interruption in rent and the cost of painting, I would like to keep him.However, a touchy issue arose this week: Apparently the couple below him has been engaging in some very loud and difficult arguments including what sounds to him like glass breaking against walls.

What business activities will the S-Corp engage in? 

Without much effort my wife convinced me to go.Phill is a very engaging speaker.

Mine BP, engage, learn and share.  

Furthermore, the city views people who engage in such practices as opportunists who simply propagate the problems faced by so many residents.  

Below are quick links to get engaged on this site.It's good to hear of your tightly coupled (no pun intended) partnership with your wife.You mentioned building a portfolio of properties and I suggest listening to podcast #151 if you haven't done so already. 

Below are quick links to get engaged on this site.Congratulations on your REI accomplishments to date.

The SAFE Act requires licensing of individuals who engage in the business of a loan originator.