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.

Additionally, forming a new LLC may require obtaining a new EIN and business bank account.This post does not create a CPA-Client relationship.

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

Happy to answer any additional questions & good luck with your investing. 

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

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?

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

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

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

This sounds risky, are you being compensated by additional rent and have you checked with your insurance to ensure you are covered.