I have owned them various durations.  

Additionally, in our state (WA) tenant is responsible for duration of lease until re-rented and the cost to re-rent.

Capital expenditures (CapEx) refer to significant expenses used to acquire, upgrade, or maintain a property, extending its useful life and increasing its value.

Personally, I would still miss the deadline and then fight the penalties based on your situation, but it's not my choice to make.One more thing: due to the Tropical Storm Beta, it is quite probable that we will be declared a Federal disaster area, and the IRS might extend the deadline for us.

By leasing the property on an extended weekly or monthly basis, operators can increase annual gross revenue significantly. 

I wanted to propose he sell to me at a 20% discount and I would lease it back to him for an extended period of time. 

The bubble extends down university parks really all the way to loop 340.

Make sure you extend your due diligence period until you receive and review the docs.

So, if it is going to sell quickly you might want to try to get it under contract now with as extended a closing as possible. 

He was threatening to "blast" us if we didnt cash them out of the deal or pay them more money to extend their lending period, which isn't stated anywhere in the contract, neither are terms for if they want to be cashed out of the deal.