I would also advise him to take his tenant to small claims court, if necessary, for the simple exercise of letting the tenant know that every move they make that does not conform with his rules will be painful.You speak of eviction as though it is the only recourse, it is not.

May even be helpful to list things like what date they have to notify you of exercise of an extension, etc.

Relying on it for those purposes is an exercise in futility.

For me, another millennial living in the Boston area and aiming to achieve financial freedom and positive cash flow, I exercise the rental strategy for sure.

If you market is like Escondido you will understand this advice better after doing the exercise that I suggested.Good luck

Technically it's just a lease until they exercise the option.

Large companies do sometimes exercise their breakers and conduct thermal imaging to see if any breakers are hotter than they should be compared to the other breakers.Are the terminals in the panel burnt?

This would avoid the Due on Sale Clause in most situations.As for your consulting I would exercise putting that into the LLC.

But the purpose of this exercise was actually to attempt to validate how accurate those estimates are.

Its a pretty safe bet that they won't exercise their right.As far as why banks buy back properties, I honestly don't know for sure.