Some tenants I have gone months without talking to and only talked to them because I haven't heard from them in a while (even though their payments come in electronically with no issue).

To rent I face the same issue.

Move it onto the street, it will be towed and charged to the owner based on the vin number.Unfortunately you are paying the price for not issuing the eviction notice September 2nd.It is a major mistake for any landlord to operate their business on the principal that a tenant that pays on time is a "good tenant" that deserves special considerations.

I think the risk of you having a prohibited transaction (extension of credit and not using a nonrecourse loan) is the real issue and not necessarily UBIT.  

It was appraised at $700k after completion of the first permit.

I told Lennar I want these issues rectified before drywall is hung so I can see they have been taken care of. 24 hours later I sent the I inspection report to the construction manager and sales team.

If there are no structural issues and you are looking for a full gut estimate, it can run you 100-150/sqftI GC'd a full gut rehab on a triplex that cost me about 90/sqft.

If they have been good tenants and reasonable, you shouldn't run into an issue.

The only issue is that you will have to turn it into a rental/investment property before you can turn it back into your residence.

Our clients are having no issue.