@Jared Newsom the PM sent a contractor to assess, and they state the 7 year old roof is in bad shape.

That's worth having a high-quality tenant and it should be worth it to them to avoid moving, paying more, or potentially winding up with a nasty Landlord.If there's even a chance they would cry over an increase, be prepared to show them comparables, the value of staying with you, and how much you are losing by keeping them at the lower rate.

My wife use to clean rooms at a hotel before we got married and my mother and I were very poor and she was in bad health.

@Matthew Pease most credibile and big flippers have their stuff and quality together (whether they are permitted or not I would argue that few go through and get the proper permits). 

It is not all bad.

So, in this case, the guy with the rental has protection.Sorry, but it looks to me you have nothing - no rental, just an empty LLC (that's the bad news).

I believe in quality verses quantity so I would take less ROI if the property is of better quality.

The downside is that the nature of project competition means you can get lower quality work and find a disconnect with those you work with since they are looking for more short-term work. 

Not a bad plan,  its legal, but the note (current loan) may have a due on sales clause.  

Is there anyone out there that thins catching tax cheats is bad?