Of course, this is also fabricated but I could easily draft up a lease purchase agreement giving the tenant the option which he would ever exercise. 

The question then becomes: how likely is the lender to exercise that right?

This person will be critical in helping you find the new listing quickly.Repeat this exercise 10 times or so without making an offer. 

What we do look at is how much rent we can get each month, how much of an option for the property we think we can get, how much money will be left in the property after we get a loan on it, how much cash flow we will get each month, and how much of a profit we will make when the tenant exercises the option.  

We've decided to go in a different direction with Property Management, and we're going to exercise our X day notice now with a last day of X.

I've stayed in AirBnB homes when traveling for work; the company paid the bill and we were surely very gentle on the home and furniture during our stay (who wants to have THAT conversation with your CEO?).

@Allison PanilaIf we shadows have offended,Think but this, and all is mended,That you have but slumber'd hereWhile these visions did appear.And this weak and idle theme,No more yielding but a dream,Gentles, do not reprehend:if you pardon, we will mend:And, as I am an honest Puck,If we have unearned luckNow to 'scape the serpent's tongue,We will make amends ere long;Else the Puck a liar call;So, good night unto you all.Give me your hands, if we be friends,And Robin shall restore amends.1.

They exercise the newly assigned option and use their $20K + ($500x36=$18K) as their down payment. 5.

That fee only becomes their down payment if you agree to accept it as such when they exercise their option.

One thing no one has mentioned in this thread is the value of the time you are spending on this exercise.