Most commercial lenders do not require any seasoning for that entity which means that you can create an LLC and use that entity to purchase the property immediately as long as you have the proper documents.

Click the Settings button.

Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

and are you looking to walk away with cash or simply refinance (meaning paying off) what you owe? 

I imagine his partner Amy will blame him when the SEC comes knocking.

Extra 4 months of carrying costs are up most of the margin.

My problem is coming up soon.. 

I would have a conversation and let them know they will receive a written lease violation letter as a follow-up to the conversation.

@Charles Perkins is absolutely correct about "collecting all receipts, properly tracking all income and expenses and your basis for all assets properly documented and recorded."

They are familiar with you and can give you direction and documentation.