The way it was explained to me was that I had to give them 60 days notice to leave the property.

I have not reviewed BAM's fees but it's likely based on their representation of UNDER 10% "skin in the game" that most of their "investment" is taken from fees deducted from the money gamblers place with them and counted as equity in the deal; this is a common practice in the syndication industry. 

Anyway, I’ll leave it there; it’s your journey, after all, and if we’re going to kick this can together, I’d rather see you show up with at least a rough map in your back pocket.JulianTurning investment visions into REALITY in Omaha, NE - Ranked #1 city to move to by Forbes Magazine. 

Since they say they don't want to leave, I wouldn't try to force them out until the end of lease term if they are paying (it might look like retaliation) but if you really don't want a cat you could.Here's what I would do:I would tell the tenants that they need to address their issues with the renovations with their own insurance carrier not yours.

They can choose to leave and you can both sign an agreement to terminate the tenancy, or, you are going to file for eviction and it will probably wreck their credit. 

Otherwise if they have been good for the past year, I'd leave it at that.

I think the book leaves you with a lot of questions!

The rents must be kept at full market so that a max rent increase may get the marginal tenant to leave.

Exactly that’s why I’m trying to figure out a way to take ownership or protect my investment as I’m taking over payments and do not wanna leave it under their name as they can just come back and take it

I know the 401 penalties are steep but my thoughts are if I can gain enough cash flow to leave my current career, do I really need to worry about whatever money is in there to draw from 20 years down the road?