Not sure how that translates to MF. 

That is something that translates into all areas of my life and business. 

Now obviously I know that a roof/furnace would alter this number, but overall it's a huge gain.401(k):Now assume that I take that same $18,000 that I used for the rental property but instead max out my 401(k).

(C)   Tenant shall not make any additions, improvements, or alterations to the Premises unless prior written consent is given by Landlord, which may be given or withheld in Landlord’s sole and absolute discretion.

My tenants are not allowed to alter anything without my written authorization.  

I then always figure the house needs work, and go by the AS IS quick sale value, then offer on the note accordingly.We unfortunately have real estate guys buying notes now and trying to sell notes based on ARV and other things that just rarely translate in the note world.

@Dave Foster I like your reasoning and when they translate into business you must be doing something right. 

Write in whatever you want (ie tenant can move out anytime with no penalty with X days notice).If you're not comfortable altering or adding lease language for that, like Wayne Brooks said, just do a mo-to-mo or week-to-week lease.Curious though, from an owners perspective, why would you want to give the tenant an easy out?

I was just thinking that  stress and hormones can alter the way people would normally act. 

We told realtor we wanted that removed and she said that we cannot alter the bank’s addendums It stated that it was per HUD guidelines but the property was not listed as HUD sale.