Additionally the longer the primary term of the lease can be negotiated with terms favorable to the landlord the more typically the cap rate drops on resale because the stability of the cash flow model,tenant base, along with area location is what is being sold.

If you meet a favorable outcome you can agree and dont need to file a grievance.

If this is for a primary residence then there are way more favorable terms than mentioned above.

Purchase price: $6,000 Cash invested: $20,000 Sale price: $156,000 Bought a 2 bedroom co-op under a hud program that was in motion at the time and cam out of pocket $6000 for the purchase.Sold it for $156K What made you interested in investing in this type of deal?

Purchase price: $6,000 Cash invested: $20,000 Sale price: $156,000Bought a 2 bedroom co-op under a hud program that was in motion at the time and cam out of pocket $6000 for the purchase.Sold it for $156KWhat made you interested in investing in this type of deal?

You could say "things are in motion and I anticipate this will be all over (by May...or within 60 days....)"

Unless your contract is inaccurate he owes you the first half of January if he moved out on the 15th and he'll learn that pretty quick when he talks to a lawyer but you probably should have gone through the motions of a 3 day notice when he didn't pay.

Owner occuppied (oo) implies ability for FHA 95% LTV loan (maybe 97% LTV) as well as the most favorable loan terms that are only available oo.  

Assuming the numbers are in our favor, would these condos be a good investment, particularly with the redevelopment occurring?

If you merely transfer the bank may not look favorably upon it and if you refi you will likely end up with a worse rate.