Landlord has been accepting $2k instead of the agreed $4k since 1.5 years and now all of the sudden he is asking us to pay back rent to continue the lease.

Ultimately she wants to be able to continue cash flow while she's alive and provide a lump sum for her college granddaughter which a portion would go to the sell.I appreciate your point of view.

If they don't exercise their option, the lease continues as normal until the end of the 24 month term.3.

Then you can continue to the last laugh for years on him over your short term remodeling time.  

Hi AllWould like to share this with fellow BP members.This is a property I just purchased, this will be a buy and hold and look at perhaps flipping next year in spring time.https://www.realtor.com/realestateandhomes-detail/...This was purchased for $61,000, with a rental estimate of between $1000-1100.End values for a nice rehabbed home in this location will fetch around $150,000Location is Bagley in Detroit, it is an up and coming neighbourhood with high demand, I expect prices to continue to rise. 

I have some medical conditions that will keep me from continuing that job long term as it is physically demanding. 

Hubby and I will continue to work for now since both of us work in a medical field and hopefully wants to retire soon with passive income.

You'll read some commentaries that the market is starting to swing back toward a more "balanced" market vs. being very much in favor of sellers, but values are continuing to rise, albeit maybe more slowly than in the past.

We have loan contract and it was supposed to be a quick loan, however the person failed to continue to pay after they made second payment. 

@Aaron The two parties have agreed that the lease continues on a month to month basis until a written notice is given but the specifics on the notice are deleted.