The firm has had MHC as its top performing property type for the last year and a half and a November 2018 report described MHC as “one of the most attractive property types in both the public and private markets due to 1) a best-in-class cap-ex profile; 2) structural barriers to new supply; and 3) still-too-high nominal cap rates.”I hope this helps those considering investing in MHCs - happy to discuss further.

In the past my husband Jon and I have bought properties in A and B locations that require extensive renovation to hold as long-term rentals, but now we are looking into doing new construction in a few areas that are more "up-and-coming."

When you have sub $1000 per a month units the cap/ex gets way higher percent then $1500+ unit class A/B areas that are more expensive but actually perform in real life. 

I'd speak to them about it first, and if they are okay ending 7/31 instead of 6/30, then just write and have them sign an addendum to current lease stating it's both extension to 7/31 and constitutes required 30-day notice to vacate by that date. 

Your current manager has processes that suck and adding changes to the lease likely won't make them perform any better.

When I asked her about it, she said, “if it isn’t a good fit, why stretch it out?

The act of making a counter offer in writing, by law, voids their original offer and they are absolutely no longer obligated to it.Even if you hadn’t voided their original offer with your counter, there is no ability to “sue them to force performance”.  

If they claim they can't afford it, you may consider letting them make payments over a 90-day period but I wouldn't stretch it beyond that. 

@Robert Kirkley  Commercial loan where they have the flexibility to lend on properties that need extensive rehab (no kitchens, heating system, etc). 

An individual qualifies as a real estate professional for the tax year if -a. more than 50% of the personal services performed by the taxpayer in all trades or businesses during the tax year are performed in real property trades or businesses in which the taxpayer materially participates; The rental or any other activity that you do not materially participate cannot be counted. andb. the taxpayer performs more than 750 hours of service during the tax year in real property trades or businesses in which the taxpayer materially participates., the rental or any other activity that you do not materially participate cannot be counted.