Make sure it is clear that any tenant modification to the lease must be approved PRIOR to move-in.

He chose one of them (with slight modifications) and that is what we went with...To make a long story short, we are now using a Wyoming Limited Partnership to hold the properties with a Wyoming LLC as the 1% General Partner.

You can buy the note real cheap, foreclose on the property and rent or sell. ...Another alternative is buying the note at a discount, doing a loan modification with the borrower (so that the borrower is able to perform as agreed), and then collecting cash flow from the modified loan.

The lease modification path is probably a dead end for 12 months.

Also, depending on the nature of the business, find out if you have to make any modifications based on zoning, fire code, or ADA...

I have completely fell for this tiny home when I went inside but they have no outlet in the US so I have used sketchup to redesign with a few modifications.

I’m 100% your ally on this one.For those tenants you believe are abusing the law regarding service animals and assistance animals, maybe the following could be of some educational or informational use to you:Joint statement of the Department of Housing and Urban Development and the Department of Justice Reasonable ACCOMMODATIONSunder the Fair Housing Act, dated May 17, 2004https://www.hud.gov/sites/dfiles/FHEO/documents/huddojstatement.pdf* See paragraphs 7, 17, and 18.Reasonable Accommodations and Modificationshttps://www.hud.gov/program_offices/fair_housing_equal_opp/reasonable_accommodations_and_modifications* General information concerning disabilitiesJoint statement of the Department of Housing and Urban Development and the Department of Justice Reasonable MODIFICATIONS under the Fair Housing Act https://www.hud.gov/sites/dfiles/FHEO/documents/reasonable_modifications_mar08.pdf* Nothing about animals, but bonus material concerning the rules for interacting with people with disabilitiesAlso, you might find this interesting:Air Noah No More?

that prompted the discussion.I see a trend on tiKtok where people decorate entire walls with trim, form, LED lights etc and we try to make it clear at move-in that all modifications require approval and the property has to be returned in essentially the same condition as originally provided to them

That said, I offered to cover half of the unauthorized costs, and reminded the tenants that alterations/modifications require prior written approval.

I'd like to learn how to find operators, how much to charge, length of rent, modifications/conversion, liability, structure contracts, utilize consultants, and more.