Therefore, you have provided sufficient notice and the tenant should vacate at the end of the term.The holdover clause may be helpful but it's not necessary.

The tenants income is not sufficient to support the rent payment so I used the temporary housing agency as their income qualifier. 

I think five days is more than sufficient but definitely put a hard date in the demand letter.

As long as the median vacancy remains below 25% they probably cash-flow for them; where you and I couldn't make these cash-flow unless we had a rich uncle who was willing to give us an unlimited quantity of cheap long-term interest-only loans with zero-down like these guys are getting.I was really hoping someone who works for a big REIT would jump into this thread too, and let me know how far off I am on any of the assumptions I've made. 

just symptomatic of a recovered market.. what you perceive a deal to be based on 5 to 7 years ago is just not what the market is willing to pay today..over the years we change our strategy every 5 to 7 years as well to go along with market cycles.right now there is more money in short term lending than most anything else if you have sufficient cash. 

I want sufficient insurance, but if something catastrophic were to happen I would construct under more modern building methods.

If you have sufficient equity, credit and cash flow, I can’t see why a Bank would be reluctant to lend as that is how they earn their income.  

In our experience when the showings are at the quantity we are getting it is just a matter of time before we fill the vacancyThe accepted 2nd floor tenant is still all set to start his lease on FridayOur guys are starting the painting of the trim and ceilings for the 1st floor and it is coming along at a good clipFor those interested, the link to our 2-family rehab diary can be found here

The very first viewing was a hit- family of 3, more than sufficient salary, has been in their current rental apartment two and a half years and are ready for a little more space, reliable employment.

The first lesson that we all can learn from your experience is the need for sufficient insurance protection on our investements.As to your question, my suggestion would be to use your cash to acquire multiple properties.