I put together an amendment to their lease, "deferring" September and then increasing their rent through the rest of the term.

I have noticed an increase in used multi-family unit hitting the market over the last 30 days so there are out there.   

How much rental increase that would provide.

One of his rental homes flooded, and she threatened to sue him if he set foot on the property.I just assumed that standard landlord law gave him the right to enter a property to do emergency repairs or damage mitigation, but this lady is really freaking out and says she has a friend who is a lawyer who swears up and down he cannot enter the property without her permission.Any words of wisdom?

Go for a personal note with this slight increase?

@Lucas AmuchasteguiThe best defense in my opinion is defined criteria that is standard across the board.

I believe it's in the standard CAR lease.

You bet you'll have maintenance in that type of the property and obviously will need capital expenses.However, let's count before these: $55K - $22.9K=$32.1K.Even before maintenance and capex it's 9.1%.The only advantage of this type is financing - banks will base the decision on the collateral and not apply the residential standards (more than 5units).SFR is better for financing after repairs - 75% LTV where V - ARVCondos won't be refinanced - you have to have cash.

Lots of people fear the increased insurance premiums, expense and hassle.As to the costs, just talk with a local pool company.  

When the LLC reports the property gain the LLC partners/members will get a tax basis increase in their LLC interest for their allocable share of the tax gain they report, so any cash distributed attributable to the property sold by the LLC should not result in any additional tax liability to the LLC partners/members when distributed to them.