The modified IRR and Net Present Values are alternative evaluation tools to utilize when this occurs.

Can you modify the operating agreement after the LLC is set up?

If you modify your contract (lease) with them with a new one (what they're presenting) you have just agreed to new terms.

Trying to modify the players to fit your goal is inviting fraud into your world.

I am looking at $5-$6k in part due to some drywall cutting we will have to do in a hallway and the plan is to remove/modify/replace crown molding to run the tubes behind it.Also - anyone had potential tenants or buyers be turned off by the appearance issue of having the interior units?

Have they tried to "fix" the issue, modify the loan etc.  

Do you do background and credit screenings on your applicants, also did you purchase a rental agreement specific to NY or did you modify a free one?  

In reconciling competing views from the Ohio Appellate Courts, the Dombroski Court found it “necessary to modify the second prong of the Belvedere test to allow for piercing in the event that egregious wrongs are committed by shareholders” and held that in order to “fulfill the second prong of the Belvedere test for piercing the corporate veil a plaintiff must demonstrate that the defendant shareholder exercised control over the corporation in such a manner as to commit fraud, an illegal act, or a similarly unlawful act.”Whether an Ohio court will pierce an LLCs corporate veil is a fact specific inquiry that will vary from case to case.

Unless you can  modify your criteria for what is a good deal then you'll never find anything that satisfies you.  

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