@Carter Crowley Thanks for the additional info!

I would look at photos of sold condos in your area....ones that sold for top dollar and ones that sold at a discount.

It seems to me that the tenant should reimburse the landlord for the $150 fee that the court charges (in Maui, at least) to file the eviction suit and probably any additional court costs and lawyers fees as well.. but I haven't been able to confirm this.

Discounting their rent may encourage them to stay longer, but it may also encourage them to take advantage or you or treat your $1,500 rental like a $1,300 rental.

Another option is to go interest only from a private source at 7%, same 1M loan on the asset, highly flexible and no additional fees as we have already got the construction loan in place on title.Currently leaning toward the private option, it could,  based on flexibility, allow me to improve my balance sheet and down the road approaching other lenders to get more of a residential type product given the property has 3 titles, rather than pursuing a blanket type loan through the commercial office.Downsides of the private loan include the interest only payments don't allow me to amortize the building, and the rate is higher.  

Raise there rent to market if you are operating a business, give them a discount under market, if you are operating a charity.

Or someone came with cash at a huge discounted price.

@James Miller Yes, I know you have to use the available section for additions or add an addendum to the base form to make a series LLC from the standard form to file with the state.

This RE company says that they provide additional training and they want me to sign a contract to be an agent with them.  

If the LLC is involved in the management of the property it may be able to be listed as an additional insured.