Basically we have taken an asset we did not need anymore, that we did not think would perform at a high level in the future and "convert" it to Self Storage which will outperform this land going forward. f. 

My previous reply explains some of the extensive renovations needed and they have a tub that currently leaks every time they use it - which ultimately is damaging my property, therefore I need to renovate the unit in a timely manner.

Reach back to your friend with an alternate purchase plan and you need to come up with various option . eg:- All cash 50/60 k ,since you already planning to putdown 45k find the rest of the money via Private lender or from family & friends and close the deal .If your friend is firm on the price perform 1)principal only payment 2.)Interest [Rate under 4.5%]only payment with Balloon at end of 7th year  .Good luck

I am not sure if a tenant will hand over their financial information to a new landlord; really no good could ever come to the tenant who provided this; unless they were honestly unable to pay rent and begging to break a lease or renegotiate.When we are acquiring a new property we perform a lease audit on the tenants that you are inheriting.

I have been researching this extensively and I have not found a scenario like this, but please point me in the correct direction if I have overlooked something.

In fact, in 21 years, I've never personally paid for a LBP analysis, nor have I ever had a LBP analysis performed by a buyer on any of my properties.

The answer to that will largely dictate where you can put a first floor bath, unless you plan for this to be a more extensive project.

Depending on when the extension would end, we'll sometimes offer a renewal with two options: maybe a 2-4 month extension at X increase (usually 10% more), OR another 12 month term at X increase.

At the next tier up, “exceptional drought”–a status already impacting eastern San Bernardino county–the fire threat increases even more, with the report describing a “very costly” fire season, during which the “number of fires and area burned are extensive.”

I will list it for sale in MLS once the move out inspections have been performed by the PM and make ready(if any) is completed.