Once you have cash in hand, you can unlock the unit for 24 hours and let him move his stuff out.I would also consider charging an additional deposit of $500 or something, just to prevent him from leaving all the trash or stealing your refrigerator.

Moderator, we have no financial relationship with any guru :B ] after we canceled promptly there were no additional billings either time.

Reach out using the message system if you have any direct questions or want additional advice.  

Texas has additional laws against these options.

Additionally, depreciation recapture (taxed up to 25%) still applies upon sale.Option B: Stay Two More Years and SellSince you rented the home for 8 of the last 22 years, after two more years as a primary residence, you would qualify for a 14/22 (63.64%) prorated portion of the $500K capital gains exclusion ($318,180).

Sounds like you put in a ton of work to maximize the value, and that basement addition was a smart move.I noticed you mentioned the NYC luxury tax and some of the rental pricing challenges—have you considered expanding your portfolio in markets where you don’t have to deal with those kinds of headaches?

There are cheaper one’s in D/F areas but I would be careful as those can create a laundry list of additional issues.

Additionally, you can still find deals that will cash flow and hit the 1% rule and amazing appreciation potential. 

Additionally, the price point is still cheap enough to find the 1% rule and positive cash flow and there's amazing appreciation potential! 

@Kevin Connauton most PMCs won't touch this type of renting due to all the additional headaches and liability.We second contacting PadSplit.