Notice to Vacate was not given 60 days prior to original lease termination date due to intent to extend lease.Tenant is now begging to stay and renew.

@Wally MartinezOn a side note, never put a seller nearing a foreclosure under contract with no intent or ability to close the deal.

We did this to help each other because she wanted a monthly income to be able to move out of Vegas, and I wanted a second property.For the equity, I asked without bad intentions.

There would be nothing for anyone to take.There is this concept of piercing the corporate veil, and I seen it done with lethal effect.If the intention is to shift legal liability, the problem is there is a LLC management company, and there is someone in the management company working as the property manager, who may be the principal of the management company.

He has no intention to sell. 

They all live very intently in that they get the high priority, forward moving things done which allows them to do whatever they like after those tasks are done. 

I bought with the intent to upgrade one side at a time and bring rents to market, and the purchase price reflected that.

However, if you convert them to individual unit, and you had intentions to rent it out and hold long term, but you get unsolicited offer, you could get cap gain treatment. 

The intention will be to occupy the property shortly after building completes and rent the property out for some great cash flow.

The intention will be to occupy the property shortly after building completes and rent the property out for cash flow.