This will give you a much better sense if the pice is one you feel is ‘fair’.  

You have to prove you are legit to them (which I think is fair). 

I know it depends on many factors and I am asking you to make a very broad generalization, but in general would you think that it would be likely to get similar cash flow or CoC return in a syndication vs being able to leverage up with conventional financing in rental properties.As for HML, I have invested a fairly small sum to get a feel for it. 

If his spouse qualifies as a real estate professional, they could purchase the commercial property the business is located at and rent it to the existing business at a fair rental rate. 

I currently work as an appraiser, so I have a fairly intimate knowledge of the area and will help in any way I can. 

Fair price, job well done.

Seems fair to me to stand behind your tenant choice.Enjoy being an 'investor' and paying 16ish% of your rents for what is ultimately your responsibility anyway.

If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff.6.

Back in '04 and '05 I used to live not too far from there, near Shea and 32nd St, so I'm fairly familiar with the general area.

If you think you can get enough additional rent to justify turning the unit and placing a new tenant, then it should be fairly simple to give non-renewal notice and hopefully it would be a clean move out.