Is there any alternative?

Alternatively you have offered a hotel for housing while you continue to deal with this issue, that cost is on you because they are paying you to provide them housing and your isn't available.

We (my company and members) evaluate quarterly(*) and when/if alternatives are available and/or on the agenda, we look at (as best we can... not an exact science) opportunity cost of each path and then decide where we want to be. (*) Less than quarterly lately due to limited market 'buy' opportunities worth persuing

(The hard way) Finding a partner with knowledge in flipping is an alternative route (The easier way, sometimes). 

The standard seems to be RTI, but since that isn’t allowed in Ontario, I’m trying to develop a legal alternative system to use income as one of the pre-screening requirements.

Hi,friend of mine wants to buy a property together,Split is a combination of debt & equity,I have a family partnership which i would like to hold the property under and avoid the extra annual fees related to another Separate LLC for the holding it.is there an alternative way to provide a the security for him?

With a second property, you might be looking at alternatives to DTI financing.Mark

Airbnb estimates ~1600/mo average, and I think it is a bit conservative given the location next to public transportation, "coolness" of the unit (100+ year old building that will stage and photograph well), and relatively underwhelming alternative Airbnb and hotel options.Furnishing everything is my biggest unknown that I'm working on, but I would greatly appreciate hearing about any red flags/concerns/oversights that jumped out at you while reading this.

Sell the property and invest in alternate investment.3.

Another alternative I thought of was renovating while they are still living in the units, considering thus far these tenants are good and, always paid their rents on time.