I give up my right to require that the Lender do the following: to demand payment (called "presentment"); to notify me of nonpayment (called "notice of dishonor"); and to obtain an official certified statement showing nonpayment (called a "protest").The Lender may exercise any right under this Note, or under any law, even if Lender has delayed in exercising that right or has agreed in an earlier instance not to exercise that right.

A tactic that can be used when a property is in a different state than your LLC, though it is exercised more often with the Series LLC, is by placing the property into a land trust, then assigning the LLC as the beneficiary to your land trust.

Doing a thought exercise this morning, I realized that if I were to sell my rental, I could net ~$70k in profit, which would be taxable as a capital gain.

At any rate, I suggest exercising your due diligence and finding out more before actually tearing down the structure.

(http://www.totalgymdirect.com/total-gym-gts.php)The price would go up about $10,000 but nobody that I know of in real estate takes into consideration exercise and health.

@James Wise My concern wasn't if they could read it in the lease they wouldn't do it because - let's be honest - you shouldn't need to read a clause in a lease to exercise common sense. 

I want to run numbers on numerous properties before pulling the trigger, as an exercise, so I am better prepared when I am ready.

If the situation still exists then, we will exercise our legal right to begin eviction proceedings or end the rental agreement.Yours truly,_____________________________________Landlord

I sat down and talked to First Fed and worked out a deal where I could purchase the property subject to First Fed's mortgage without them exercising the due on sale provision as long as my company brought the loan current and wasn't late going forward.  

Folks think it's the first step to becoming a successful investor and a necessary exercise to protecting their butts.