For the realtors, have you noticed the investors behave differently in the recent months/weeks?

Then repeate on the other side.I havent walked the property yet but will be having inspected within 10 days.Im seeking advice on a smooth transition, both tenants are current and on month to month.

He's a hot-head and behaves ignorant so I want to make sure I have a very clear explanation within the law for Illinois.

Another thing that may help quell her fears would be having large cash reserves.

-A hard no from the lenders standpoint is typically anything about 80% LTV or below a debt service coverage of 1.25.A dealbreaker for you might be having to put down more than 20%.

What are all the forms that I should be having my tenants sign?

In addition, it seems like the downstair tenant is the good behaving one, so I have an incentive to keep her around.The other option I’ve considered is somehow ending the upstairs lease early (ends in September) by essentially buying her out ie giving her security deposit + 1 month of rent.

Nothing seems out of the ordinary, but the only thing I can figure out is they take a ridiculous amount of showers or may even be having guests over for showers.  

Seeing as you live in a cyclical market it would seem to inefficiently diversify your assets to build more assets in a similarly cyclical market, but rather if you spread of the wealth you generate into other markets that behave differently, it can be a real boon!

For my own portfolio, I prefer 25-30 year term portfolio loans which behave just like your conventional personal loans, but the rates are higher because they are for investment properties vs primary.