If it was me I would give them the 1000 and have your lawyer write a release of all claims as to the water.. and probably not renew unless other wise they are great tenants.. but if your already asking for pre signed checks sounds like collections maybe an issue as well.

And have you incorporated an annual, semi or quarterly distribution?

An old person who just lost their spouse, a person in pre-foreclosure, someone going through a divorce, and an absentee landlord all have different levers to pull.

An old person who just lost their spouse, a person in pre-foreclosure, someone going through a divorce, and an absentee landlord all have different levers to pull.

For example, if you are pre-approved for a $200K purchase, then you know that you can't buy in Nashville.

I am always looking at properties (Christmas Day, Easter, July 4th, Birthdays, Weddings, vacations, etc.).

I am planning to get my first investment house; I don't want to use my savings, so I have an equity line of credit for 50K and got pre-approved for a loan up to 300 k? 

New builds are far more desirable, and have less total cost of ownership than many of the stick framed, pre-existing, non conforming older homes. 

The other primary time requirement is tenant interviews and screening; which I feel could also be out sourced with a pre-made script (at least the initial phase of tenant screening).

They will line you up with several pre-screened, licensed/bonded contractors that do the work you need.