Do not use a formula or "at its then appraised value," or similar methods, because they just lead to arguments and legal fees.From what I heard, doing rehab was supposed to be a good thing for the person taking over the property along with decreasing vacancies.

Usually, the notice to renew or vacate is sent 30 days before the end of the lease, so to expect your tenants to sign a renewal 5 months before is not realistic (I wouldn't sign something like this unless I was extremely clear on my long term plans and the rental deal was excellent - there is so much that can change in 5 months).Ultimately, you need to take ownership of your mistakes - you are supposed to manage the PM.

Maybe the live-in manager has a valid request - if he done extensive repairs to the property for which he was supposed to get N months of free-rent equivalent and still has M rents remaining, then of course he is upset and not "collaborating".Get the same statement from the live-in manager and see how it reconciles with the one from the seller.

Probably rentals because even if you screw it up you still see how the process is supposed to work and if you hold the property long enough you'll probably do okay anyway.

I suppose that makes sense.

We are supposed to close at the end of May, if the property meets all the contingencies of the offer... one of which was zoning.The property was advertised (and is fully rented out) as a 4-unit.

It doesn’t matter if you have income based payments or if you are in deferment....the debt counts to what your payments are supposed to be.

There are a couple of reasons this is more difficult with an occupied unit:On a number of occasions, I've had tenants who were supposed to vacate ask at the last minute if they could stay longer on a month to month basis (this is especially common when they are buying a house and their closing gets delayed or falls through).

Here in my market, my D class should propose different challenges than I suppose someone with an A Class.

Seems like the more and more you grow as an investor, I suppose the less and less you'll fit into the Fannie Freddie guidelines.