I'm paying cash and currently in the options period and going to talk with the title company on Monday.

The comps in the area for MF's were at minimum 550k.Since purchasing the home there have been many updates to it to include a fully updated 2nd floor unit, updated bathrooms on both floors, new kitchen on the first floor, new roof, new driveway, new paver patio, updated front porch.

I’ve included a draft of the updated lease agreement and if anyone has any feedback on it.

Hello BP Community,I just got under contract on a property, and I agreed a 9-day due diligence period under the contract.

The one good thing about such a provision is that it allows the senior lender to start foreclosure (or notice of default/cure period) immediately.      

Newest update is that the buyer is threatening to sue and place a lien on the property.

Update for Chicago investors : As of right now the ordinance takes effect 11/9 but any property under contract before then is exempt.

Electrical as well but needs updating.

I would rather rent at a slight loss than to be vacant for an extended period of time.

Recommend cash for keys here (like you already tried) and getting them to sign a termination of lease.If the lease period ended and they are on month-to-month typically you have leverage (depending on what your lease says, or local laws) to end the lease at the end of the month given prior notification.