If you believe you will be financially ready to build a year from now, perhaps you enter into a lengthier contract where you can obtain all of your building approvals and then settle at a later date.

When an owner passes away, the property’s tax basis is reset to its fair market value on the date of death (this is known as the “step-up basis”).

I used an attorney to file for eviction and we had the court date towards the end of October.

Current lease term (expiration date, month-to-month)7.

I suggest pegging a date, somewhere in Feb..

It has not been an easy process for them and has taken a lot longer than the anticipated dates.

They missed the promised start date on the project by almost two months causing a cascading failure on dates since it was the roof, there were interior things, other dependencies that we couldn't do until the roof was finished. 

The lender will not require any of the anticipated interest payments on date of origination and borrower will have lower cash to close requirement, although $15K in interest payments will be required to service loan through duration of project.Loan B: Lender requires $15K interest reserve funded by borrower at settlement.

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Expiration of leaseNonpayment of rentBreach of tenant's statutory dutiesBreach of lease termsIllegal conduct or serious nuisanceThank you for your help!