Now if the insured received an extended form policy my opinion might change.

If you have a fast food restaurant in there now (BK, Taco Bell, KFC, etc.) and the next tenant will be a sit-down restaurant there will be a considerable cost to convert it (also, highly dependent on the overall SQFT of the place)Overall, my advice would be to check your numbers and see if you can live with lower rent, if you do, then go back to the current tenant and ask, "at what rent will you stay and even consider extending the lease?"

I read your post and thought I'd extend a hand. 

He moved for a new job and is currently on extended stay, so he wants to secure the place immediately.Fortunately for me, he's willing to pay the price for the entire apartment while we search for a roommate.

Your identification period is extended to Feb 15 of 2023. 

If you can't find out or are unsure of the date, you may, at a minimum, want to extend Liability from your homeowners (if it will be owned in your name) or see if you can add Liability for it to another policy in the same ownership (LLC, Corp, etc.). 

Yes, as I know, LA County and NY, till Jan 2023 still under eviction moratorium, and they can extend it again...And YEs, I agree with you!

Anyways simply introducing myself to you all at BiggerPockets in hopes of extending a helping hand in some way, shape, or form.

@Fibian Berkeley - Thanks for the estimate@Robert Smith, extended warranties, good idea.

They require a one year.Most other bank owned properties do not have this requirement.If you purchase Homepath or HUD homes during the extended period (this happens if no occupants make successful bids), you can sell them at any time.