Since I am viewing this initial property strictly as a buy and hold investment, should I factor the terminal value (eventual sale price) price appreciation into my considerations?

(had to tighten a hand rail, replace the two pumps on the furnaces, put batteries in the fire detectors (I forced them to rewire the fan and lights in the bathroom).Its a pain dealing with an unmotivated seller, and a real estate agent that relies on email to get anything done (especially with the city (when repairs were done, told me that main inspector was sick, and underling was doing inspections and that he was emailing back and forth about getting the rein spection, It took one trip to the city hall in person for me to get the place inspected the next day)).None of this would of happened if I hadn't had the code to the lock box.

She wants to break the lease now.Basically I assume that he would have to be willing to break lease too, and pay early termination.

You can terminate any contract, however you can threaten and follow through with a law suit but still often times that will not work in your favor.

Therefore, Certificate of OccupancyCertificate of AcceptanceYou should bee consuming much time in preparing your rentals for showingCompletely  move in ready before advertising.Having great curb appeal to the drive by lookersLearning how to place an ad and what words you can say and what ones you can't.You should be consuming Learning forms you need to use and what they are for and where to get them,Notice to Quit (Non Payment of Rent)Summons and ComplaintJudgmentsEscrow FormsWrit of RestitutionNotice of Termination of TenancyNotice to Quit due to Health HazardsYou need to know your states laws in when you can send these forms.You should spend much time in developing a Great Lease AgreementApplication FormsAnd know what words you can say and not say in them as well. 

Same for smoke detector batteries.

Foreclosure is the termination of the right of redemption.  

I found something interesting today.On this page - http://www.nolo.com/legal-encyclopedia/missouri-termination-nonpayment-rent-other-rent-rules.html I read this paragraph:"Missouri State Laws on Termination for Nonpayment of RentStates set specific rules and procedures for ending a tenancy when a tenant has not paid the rent.

This is no different than what one receives when terminating their TV cable service, utilities, or health club membership: it’s called the final bill.

I require a written 45 day notice for termination and tenant initiated must end on the last day of the month.As for turnover, because I have a new tenant lined up, I rarely have any vacancy.