Quality and a flight to primo will remain the common theme in the solvent participants. 

Any derogatory will remain on the credit report for years.

Will also motivate him to want to keep working with you.

If local deals remain out of reach, exploring out-of-state opportunities could be a good backup.

I would be content to let that one remain by themself, but not the other one by themself.It will be awkward to tell them that, as they aren't renewing *together*, I am not renewing the lease as it is, but that I am offering it to just one of them. 

If I was interested in purchasing a seller financed home with the total price of say $700,000, could the loan be structured to pay off say $150,000 to the seller over a 4-year period with the remaining due after that period?

Another option you may consider if non-conventional financing such as seller financing if you find a motivated seller willing to offer that.

Once the transaction is done, I transfer my property to an LLC (on its own) and sleep good at night that any liability that happens will remain within that LLC.

I motivated to put it in motion!

@Ned Carey so I am understanding this correctly, would you recommend not transferring to LLC and just remain in my personal name?