Some of the simpler asset protection solutions would include the following:  having max funds allowed in qualified retirement plan or IRA rather than personal as retirement plans are exempt assets in Federal and most state bankruptcies; investing through an annuity if your state (Florida and Texas for example) exempts insurance policies and defines annuities as an insurance policy; taking advantage of maximum homestead exemption in your state; use of corporations or more popular LLC or Series LLC to limit liability to the entity holding the asset; reasonable liability insurance if available; separating asset ownership from asset management; etc.I can design a simple, cost effective asset protection strategy of up to about $5million with little cost IF the individual resides in Texas or Florida.  

You cant respond to a financial problem with an emotional solution.

Might be a good short term solution though.

@Mad Dendukuri easy solution - tell the tenant you can't afford to do flooring AND put them up somewhere, so deal is off.Either they will be reasonable or show themselves to be greedy and someone you should get rid of.

Purchased with minor updates to modernize the space, it now serves as a high-performing long-term rental property.

Purchased with minor updates to modernize the space, it now serves as a high-performing long-term rental property.

A modernized condo in Uptown Charlotte, purchased in 2020 as a rental property.

It's just a product of the modern internet age and you are right, they always have a new way of skirting the rules.

Once updated, the building will provide modernized living spaces and support a significant rent increase, enhancing cash flow and property value.

Quote from @Brendan Lawrence: Looking for solutions to offer financing to buyers:We have a unique asset class that we're building out here.