B) pay all the remaining rent but I’ll credit it against the kid’s rent next year.

We do not have a resident benefit package, and we keep our tenant fees very low.

Some of the materials we choose and asked him to pick up (such as flooring) he replaced with low quality materials, I assume to keep more of our money for himself. 

A proper vetting process - background, employment, credit, and reference checks - will weed out 99% of problem tenants. 

That's a very low amount given it's a commercial property.

DM me and I'll connect you with the Credit Union I send my clients to.

Hard to give up such a low mortgage rate, but in the end that's small potatoes compared to potential OOS problems.  

@Stephen FlemingFrom my experience working with over 400 investors, your strategy of leveraging a low mortgage rate, tapping into home equity, and diversifying with a short-term rental (STR) in Northern Michigan is well thought out.

It certainly seems like it would have really low "yes" responses, but it only takes one.

We look for good school systems, low crime and desirable neighborhoods.