Rent is due on the 1st and late on the 5th per her lease agreement.We are concerned that if she does this once (she just moved in recently), she will do it repeatedly.The lease is clear about late fees and clear about eviction for non-payment.

Please accept this as a token of my appreciation for having you as a guest.Any questions or concerns feel free to contact me at....LandlordNow you have shown goodwill for $100.

Lots to choose from.Appreciation: Probably very little (property has been on the market almost 3 months)What things should I be concerned with?

@John Moore - Thanks, I have to admit I was concerned about the amount of vacant buildings.

I understand your concern about the balloon payment, I feel the same way.

It's a much more financially sound method (in my humble opinion) than borrowing more, at much higher rates, and banking on the ARV speculations to get you out.As far as the draws for rehab costs...credible direct lenders are going to require either you or your GC to front the first funds for rehab.  

The SAFE Act describes compliance being required for any method that attempts to circumvent the intent of the law.

That prevents loan sharks from trying to collect their debts through the courts--they use other methods.

I'm sure I could come up with an adjusted rent that's reasonable if three tenants are indeed living there.Bigger concern is character and the deception/misleading application.

I have never had an insurance agent ask which kind I have so no insurance concerns.