Wondering if there is a way to move him out, take over the payments, rehab, list, and do some sort of profit share at the end of sale.

I have been pondering for years on how & where to start and have decided to connect on a larger scale to gain knowledge & guidance to get started.

Water damage never happens in small amounts, until its noticed and by that point it's typically a larger job than $1200. 

I highly suggest against that and just doing one larger rent increase to $1000, but if you are only trying to do one unit at a time, make sure you don't try to make a drastic increase to all 4 tenants if you can't afford for all 4 of them to be out at once.I'd consider showing them some data on comparable rentals and let them know you are trying to improve the building by renovating the units.

@Kevin Sobilo mostly nailed it, and yes if the lender and borrower knew the attorney was paying them and knew the deal wasn’t going to close for the sake of them all getting money, and EXTRA MONEY on top with the intent of defrauding me for an even larger amount then yes, I’m still thinking it’s mortgage fraud.  

A mid-term rental near a major hospital could bring in $1,800–$2,200/month, covering a larger part of your mortgage than a long-term rental. 2.

I have an entire podcast dedicated to passive investor fears and almost everyone i've talked to had some sort of fear that they had to educate away.

., hopefully they will sort things out.

I would like to be able to occupy the property for 1 week every 4-6 months, which they agree to (with enough notice on dates) as they have to travel for work at times and could easily vacate during these periods.Has anyone written this sort of agreement into a lease?

Getting everything sorted early on will save a lot of headaches later