Lease violation: #1 if others are occupying property not on lease.Lease violation #2 unpaid rent, late fees.Lease violation #3 misuse of property, documentation would help- photos - of damageYou have the right to file for eviction if your lease terms are not being followed.The longer you wait to file the longer, the longer you take to get any income from a new tenant.I would give the tenant notice of intent to file eviction action. list the lease violations and unpaid rent, if you want them to stay, give them 2 or 3 days to correct the issue If not file.I have given tenants a mutual lease termination agreement to entice them to move, involves a 3 day agreement to vacate, and then you don't file, I give a cash back amount usually same amount of filing fee to them when they leave and get the keys.

Conversely, a longer project may have a low IRR, earning returns slowly and steadily, but may add a large amount of value to the company over time.Another issue with IRR is not one strictly inherent to the metric itself, but rather to a common misuse of IRR.

Can any of these repairs becharged back to the tenant for misuse such as clogged toilet? 

I don't think I ever misused the right but maybe I did by accident.

Frequent word misuse offenders:1.

@Louis Leone I find CAP rates one of the most misused ratios out there in investorland.    

You should not misuse accounting terms when trying to teach the basics:An asset is something on the balance sheet that has valuea liability is something on the balance sheet that shows debtassets include cash, real estate, stocks, gold, etcliabilities include mortgages, account receivable, tax liens, etc. not all assets produce cash flow.

I’m assuming most investors won’t maintain this distinction and will instead commingle personal and business funds or misuse business assets as personal assets, rendering the LLC useless.

I think that cap rate is one of the most misused, and over-rated, calculations in commercial real estate.

Careful that it’s not misused for straw buyer purposes