My gut says leave it open and not worry about them not paying until I have to go to court and say “hey they became vindictive on me”Best, Michael

Or, I would sell and 1031 exchange in to a larger complex that you can leverage up for more cash flow.

Tell the tenant to go after the previous owner for their deposit in small claims court. 

His company and apartment complexes have TERRIBLE reviews.

So it ultimately saved me money, since I wasn't having to pay to have my accountant double enter items.I am curious though how 2 properties are 4 LLCs, that seems overly complex, and depending on how the LLCs are structured, it sounds like the PM reports won't really work anyways, unless they are treating each LLC as its own "property", independent of the actual properties.  

They are going to have an excellent case in court that the garage was always included in the rental property just based on the history of its use.

Save up.Perhaps, if you feel the urge and are comfortable with higher risk, you can use the money you have now to advertise, sending yellow letters to distressed property owners in the hopes of picking up a place below market value using hard money and rehabbing it to refinance cash back out, but it's not always the best idea to start with a complex purchase with tons of moving parts before you've jumped in the game the traditional way.Best of luck, whatever you choose to do!

You want the ball in your court, not someone else's who is getting to deal before you can.

Condo complex needs to be more than 51% owners and no lawsuit pending, that cuts it down more. 

My biggest concern is being able to compete effectively against others in a condo complex.