@Arya TaghdiriWelcome to the community and be ready for a huge amount of information at your finger tips.

This will save you on subscription costs.If you want to discuss any of this further, I'm happy to answer questions and help walk you through it.Best of luck!

Just to give further data to the equation. 

Definitely some good tips in there! 

Even if the tenant can’t pay, it sets the expectation and documents the issue.Small Claims Court: If the tenant refuses to pay, you could take them to small claims court, where you can seek repayment without needing a lawyer.Security Deposit: If the tenant has a deposit, apply it toward the damages.Consider Eviction: Given the arrears and damage, eviction might be a last resort to prevent future losses.Talk with your property manager to create a plan that minimizes further risk.

Tenants that ask for these types of things are typically entitled and will take further advantage in the future if you do not curb this behavior.

I would just make it clear to the tenant the length of time this will take and that there will be no further rent reductions because of any inconvenience.

Happy to discuss further. 

It does seem competitively priced for the area.If anyone has insights into how the existing HELOC might impact the mortgage assumption or tips for negotiating on a deal like this, I’d greatly appreciate it.

I appreciate this.I'm trying to simplify / streamline this even further (with fewer tools, if possible) and fewer "clicks" for me (goal for me is less management of tools and property and more "just click here" to get a process started).I like seeing how you have worked out your process, and thank you for sharing.