Happy to answer any other questions you may have.

Originally posted by @Duane Brown:Well said  guys...

Jacob, I'm in the business so take my answer with that in mind. 

Answer: YesI do not think your position on your other properties would influence my advice in this situation.

We have a 50/50 cashflow split (no pref.) and a 90/10 equity profit split, so the LP's get 90% of the profit on exit after the recoup their original investment amount.

If you were to purchase the property from yourself at a significantly higher value than what you originally paid, you could potentially benefit from a higher depreciation value.

I believe you just answered your own question.

Consider it a blessing that she flaked and kept ignoring your original offer- Dodge the bullet NOW....DO NOT RENEW HER UNLESS SHE PAYS AT LEAST CLOSER TO MARKET RENT..... if you think your unit doesn't really meet market standards to get market rent, then at least get it closer or at minimum keep it "as is"...

I am a flipper and I have borrowed money from a private lender, who I paid loan origination points to as well as mortgage interest.

Thank you so much for your answer.