"In most sane places, if a landlord wants to go out of business / quit being a landlord, they must sell the property to another landlord. " Actually no. This

"In most sane places, if a landlord wants to go out of business / quit being a landlord, they must sell the property to another landlord. " Actually no. This is not really true. There are plenty of states/places where you can simply evict the tenants at some prorated rate, and then go about your life. You mention it yourself a few paragraphs up. Additionally, for the specific case of condo conversions, which is the largest claim of ellis act "violations", most states are friendlier than you claim. Let's take maryland (A state I am barred in, so very familiar with property law for): http://www.peoples-law.org/conversion-condominium-ownership http://www.peoples-law.org/conversion-condominium-ownership You get 180 days, an offer to purchase the unit at the same price as the best price the unit gets offered for in the next 180 days, and moving expenses. That's it. "Even red states like NC have pretty strict restrictions on when you can evict a tenant, and "'Cause I'm shutting down the LLC" is never one of them." Source? AFAIK, this is completely incorrect for "most states"