These buildings all require steel girder retrofits to meet the new earthquake laws after the Northridge Earthquake.

Hey everyone,We have recently purchased our in-laws house because they moved to Florida.

Especially if it will be worth more in a year (as long as the law suit is really only going to take a year...as I’m sure you are well aware law suits can get drug out with continuances).

I'm currently under contract on a smaller, 5-unit commercial office/retail property. 4 of the 5 leases expire in April/May of this year, and one of the contingencies of the sale closing is that 3 of those 4 soon-expiring leases renew for at least one year (I have full negotiating power over those leases).All of those tenants have showed no intention to vacate, and are happy with their current situations.I've seen/read in many places that it is best practice to stagger leases as much as possible in order to avoid the possibility of multiple tenants moving out around the same time, leaving numerous units to be turned over.Would it best for me to try and get 2 of the 4 tenants to renew a two-year lease (which they've done in past) and the other two tenants agree to a one-year or three-year lease (both have been year-to-year in past ).

I've also used the calculators to run some quick analysis of a few multifamily rentals pulled off zillow as practice to understand the calculations.

However, given that there are state-specific laws and nuances that tend to change somewhat frequently, the optimal situation would be to find a real estate knowledgeable accountant (and preferably an investor him- or herself) based in your home state of Massachusetts.

He told me he needs the 12 months upfront that its law..

Put it into practice there. 

Selling a big property here and a mistake can cost us over 1 million dollars.There are partners involved and LLC’s and trusts so we do need someone knowledgeable.We don’t know too many people in Florida so if someone knows very well the tax laws/IRS regulations, Please leave your phone no/email and I will gladly contact you so we can discuss details.

I would practice by evaluating a few dozen properties to get you comfortable with this process and then you can move on to later steps.