Very cost-effective option and shows up on all of the major websites (Redfin, Zillow, etc.).

It sounds like she want to be reasonable. 

I am a Licensed Property Manager for the State of Florida, based on the issue since the tenant has stated they are unable to pay and you agreed to let them out of their lease, all you really have to do at this point is send them a certified letter to that effect.

Get another quote Tarik it sounds 3 times what it should be. who gave you the quote the appraiser or the lender?

Hello all, new to the forums and just wanted to use the experts here as a sounding board for the deal I'm working. 

He mentioned that a LLC may have some tax benefits but it’s not effective as a mean of asset protection.

If the underlying lease does not allow sublets with landlord approval, I would probably get the tenant to sign something to the effect that the tenant must indemnify the landlord from any kind of loss caused by this subtenant.

It really sounds like you broke the lease by renting the property before the official lease term was up even though she wasn't living there. 

It sounds like it's been a very active couple years for you...I'd love to hear about your experiences. 

From what you have said it sounds like you were able to track them down and get the receipt retroactive which is good but you should never have had to do so.