Its exterior is characterized by the timeless elegance of all-brick construction, exuding a sense of durability and classic appeal.

I don't know how big an area or what it looks like, but $1,400 in refinishing is drastic in light of your characterization of him as a really good tenant and only being a tenant for a year.

You don't have to worry about the characterization. 

I get the feeling the Owner would not want to sign anything that the IRS would characterize as a sale, and I don't want to pay rent for the next two years unless my rent payments are going toward the purchase price. 

If you can't pay it off right then, it is re-characterized as a distribution with penalties.

@Steven - I would agree with just about everything you said other than characterizing Solon as buy/flip.

Before taking this advice - you need to understand how your country characterizes US LLC's.Some countries treat US LLC's as taxed as "Corporations" when they file tax returns in their country. 

Investment Info:Other other investment. anterior pelvic tilt refers to a postural imbalance characterized by the forward rotation of the pelvis, causing the lower back to arch excessively.

@Jason Merchey  It seems that so much of what's going on right now is characterized by polarized views and over-reaction.  

My wife served on a Grand Jury and she might disagree with your characterization.