Background: purchased property with inherited tenants. Tenant had bf living with them I made bf sign lease amendment to be on lease. Tenant informed me they would be leaving February first. (M2M Lease)A couple days la...

If you inherit a tenant and they have been a good tenant, I see no reason to suddenly ask them to submit an application for a potential lease renewal. 

So his $300K profit is suddenly $150K (I don't know what the cap gains taxes are in the US). 

Wait to sell for tax reasons - and watch your investment suddenly lose value.

It is just laughable when places have regulations like a homeowner can only have a certain number of STR listings by the law but these big name companies suddenly start with 20 units in the first month.

So it crushed us cashflow wise because we couldn't finance anything and all of a sudden I'm too asset heavy and cash poor.

There was a glut in wineries not long back when The Australian dollar was high and people who once couldn't get enough of Australian wine suddenly turned back to relatively cheaper and more fancy sounding French and Italian plonk, combined with the change in regulation in the Chinese wine market that killed it as a business drink.

I’ve seen this with small business owners that all the sudden end up in a cash crunch a few months into the next year.

After owning the property for 1 week and putting in a lot of sweat equity, I've concluded that I want to keep the Inherited tenants based on the condition of their living space and the quality of the people, Knowing I want to keep them to save myself the headache of a  turnover and vacancy of a projected move out If I were to suddenly increase rents. 

Then a "surge" when the tenant paid up months later bc usually a tenant has to not only fall behind but MONTHS of rent have to go largely unpaid to warrant eviction.If the P&Ls were "doctored" by the seller, that seems like pretty big cause.