In the interim, the PM said they expressed interest at staying 2yrs at the same rate.

I have a friend that has been approved for a $200k home loan and he has expressed interest in joining me in building a real estate business.

Let's say the tenant is a model one for the 15-month term & they come to you and express they would like to go month-to-month. 

Another related topic is how to express that mine would be a time-sensitive offer as some think its a standing offer and they can shop around and get back at ones convenience.

Bill S. has a current blog post on this very subject {BTW: I disdain the latest misappropriation of the term hack which seems to have become an "in" expression}.In our home jurisdiction, as a residential landlord, I am permitted to recapture lost revenue in the event of early termination of the lease.  

Thanks Alot in your opinion which one should I get economy, standard or express gold?

It is the rate at which a property's income is being capitalized expressed as a percentage of the purchase price of the property.It is a ratio used to compare one property against another, and should not be used as the sole factor in determining whether a property should be purchased.Mathematically, it is defined by the equation:Net Operating Income / Purchase price (or Estimated Value).Since NOI is cash flow, your cap rate will have a direct relationship to cash flow.

However, the salon has expressed interest in taking over the cigarette store if he ever decides to not renew his lease (the salon is doing that well, apparently).$1150 - Pet grooming store.

In fact you don't even have to be there if you are the buyer or seller, papers can be signed in advance or express mailed.

Tell them (in a signed writing) you won't sue them for breach of K/ damages/ losses for their failure to complete the job in a reasonable time (inferred since you have no express date) in exchange for their promise not to lien or sue you.