Making decisions as applications come in is a very good way to end up in court. 

If you prefer something with less immediate work and are willing to pay a premium for a newer property, the new development could be the way to go.Good luck with your decision!

If he doesn't make a decision - in writing - then he is required to serve the remainder of his lease, or has to pay a penalty to leave early.

That is ultimately your decision. 

Quote from @Sokun SoI wish I knew, but we're talking about prepayments prior to a reservation.Previously, I just let the OTAs set their default (Airbnb 100% & VRBO 50/50), but now that I'm paying more attention to it through Lodgify, I'm going to do a 50/50 split and see if that helps increase bookings.Yes- however the funds are not sent to your bank account until shortly after they check in, correct?  

It's like $900 for them to do all the research and give you a decision within 45 days..

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.

We are probably the only brokerage doing that.There is an entire field of economics devoted to irrational decision making.

Most of the tenants choose to move-out given these two options, but at least the decision is theirs as opposed to them not having an option.

They only control the contract; they don't control your decision to sign it, they don't control your GC/rehab budget, they don't control the ARV.