Honoring the lease ensures stable income and tenant satisfaction, facilitating a smooth transition and potential long-term tenancy.

Potential opportunity - there is an attached utility closet that I believe could and/or used to serve this purpose as it has the red/ blue inlets built into the wall next to a hot water heater that is also in the closet.

@Josh HallYou could potentially refinance into a 12 month rehab loan.

He missed that deadline, so stick to your consequences and notify him that the lease will not be extended or renewed so there's no confusion.Personally, I would give him notice of termination and expect him out no later than 30 days from notice because of the noise, potential violence, and failure to communicate.

The time and energy you will spend pursuing a remedy is not worth it.  

He is the only potential buyer as he has the lease for another year, after which my 250k exclusion will have run out.I am researching the servicers now - thanks!

Real estate is also typically the most expensive purchase a person will make in their lifetime, so that also means in can potentially make them significant money or lose significant money.I got started because my w2 is in real estate.

Possibly if the basement is not accessible somehow from the other units, potentially you may need to create interior access between units, but theres probably access somewhere, just may nesseciate removing locked door. 

But cash out is different  Hey David, Yes, it was a short-term rental (STR).0.74 acreageThe property was marked as rural on the appraisal.1007 form not utilized 75% of AirDNA data was used for determining market rents.The potential loan-to-value ratio (LTV) for the cash-out refinance could range between 70-80%.Let me know if you like to take a look at the property.

I'm concerned about the potential costs associated with selling.