The landlord, having complied with all applicable notices and advisements required by law seeks in good faith to recover possession so as to un-dertake Primary Renovation Work of the rental unit or the building housing the rental unit, in accordance with a Tenant Habitability Plan (THP) accepted by the Department, and the tenant is unreasonably interfering with the landlord’s ability to implement the requirements of the THP by engaging in any of the following actions: a.

Also, I have the ability to purchase an underperforming asset that has potential of increasing that yearly cash flow to $20,000-$25,000 per year, in 12 to 18 months, using proven methods of doing so.  

The wealth of information available and ability to connect with other investors that have the same drive is quite amazing. 

I don't feel that this is a fair since my lenders ability to close on time is out of my control.

I think the age of the house limits my ability to legalize the suite without spending a **** ton of money ... it doesn't mean I couldn't legalize it down the road when I have more capital to put into it.

Specific skills are required, most of which everyone believes they possess when in actuality most don’t possess at all;  negotiating skill, analytical ability, marketing and sales skills. 4.

That's pretty crappy business on your part.IANAL, but if you did accept the offer and EMD changed hands, the three basic elements of the contract have been satisfied. 

Things like taking out walls and changing floor plan are the kind of projects that will get you in over your head as a beginner and/or someone with a hesitant partner.all that aside, there's another important element to what you said that I want to call out...

In either case generally you will have an increased ROI as well as an ability to scale quicker when incorporating responsible leverage in to your plan.

This limits the ability of a law suit on a single property to access assets that are not related to the law suit.