@Waverly RennieManaging a STVR from overseas seems like a difficult prospect!  

Tell the tenant to get it in writing and sign a waver for liability if they proceed.

Thanks @James Carlson, @Ryan Hilbun, @Rick Hernandez and especially @Waverly Rennie for such great contributions and suggestions.

I also disagree with his 8% because real estate sales are slowing and buyer sentiment is wavering. 

Fear is not a foundation for doing business.Establish minimum standards and never waver from them or you will be placing justifying your standards at risk.

Issue the pay or quit notice immediately and wait for him to contact you to discuss the issue.If you want things done your way never waver, lay down the law early.  

It isn't always a blast the doors off and get rich quick.... some of the best investors were calculated, started slow and have a foundation that doesn't waver... those are the ones with staying power. 

@Brian Adkins my few rentals are in Waverly and Belair Edison other than that in the city cedonia, Patterson Park/Hopkins, Hamilton are some of my favorite good rental areas with a decent amount of homeowners in the mix

Purchase price: $61,000 Cash invested: $53,000 Contributors: Chase Brickenden End of row 3/1.5 townhouse in the upcoming Waverly neighborhood in Baltimore.

There are beautiful row houses and brownstones around some promising, transitioning neighborhoods in Baltimore (Reservoir Hills, Hollins Market, Waverly) that fit the requirements for the loan.