We used to put in our lease if tenant fulfilled a two year lease we would refund them $600 at end of lease, that way if they did not finish lease they did not get rebate.We stopped doing this when I realized I would rather they go month to month after first lease, even good tenants can go bad.  

@Carl WashingtonYou can do something like the following 3 options:All cashLease-OptionOwner FinancingHere's a sample offer I made 6 months ago on an off-market property:Offer #1: All Cash$120,000 Purchase PriceOffer #2: Owner Financing with Down Payment and Monthly Interest$130,000 Purchase PriceDown payment of $10,000 now, and then $1,000 a month for up to 7 months, at which point you will be cashed outOffer #3: Owner Financing with a Single Balloon Payment At End$140,000 Purchase Price + seller closing costs (title/escrow/insurance fees and excise taxes)We pay all of your closing costs (so you won't have to bring any money to the closing table), and then cash you out within 7 months at the highest purchase price

The mechanicals are working but at end of life on both units. 7.

I should have defiantly pulled the trigger way earlier but I have a tendency to over analyze.

There is a tendency for newer folks or less experienced folks to leave this data out of the information, whether by purpose or accident.

Apartment rehabs have a tendency to eat investors alive, no matter what they're experience level is, and if you are not ready for it, your career as an investor would be toast.

It is a mixed use lot at end of a residential block where a house, a condo building, maybe three town homes can be built. 

As of right now my plan is to sit down with the tenant and discuss the options he has which I see as the following: Option 1: Give him the “Pay or quit form” 3 days notice then proceed to evictionOption 2: pay for month due and move out at end of paid monthOption 3: Pay for month due and continue paying at new rent of 1300Option 4: Cash for keys?

Have had a few that want to do the cleaning themselves at end of lease, and I agreed to their request.

There is a tendency for your accountant to save you a few hundred in taxes and cost you thousands on your mortgage (or disqualify you entirely).Here are the high points:Lenders like to see that you have been in the same type of business for several years.