@Tom OchiengI would reach out to a real estate attorney for specific advice on this situation since you already have one tenant who is being difficult.On a side note, when I have inherited tenants, I have been most successful when I have provided longer non-renewal notices, like 60-90 days, and offered to assist with moving costs.

The specifics of your situation will determine where you might need to fall on that spectrum of holding period.

Qualified Joint Venture reporting is not available in this situation.

Situated on a 0.52-acre lot, the property provides a spacious environment.

Here's how to handle your situation for tax purposes based on IRS guidelines:1.

It also may cause a taxable situation for your friend or family member.

BAM and Praxis have definitely managed the situation better at this point in time. 

Also, most situations are of just a few pin or small nail holes here and there. 

Was there a situation you encountered that deterred you from self managing?

@Chris MagistradoRefinancing could be done in certain countries and situations.