The standard term we've run across is a year (though other terms are available depending on the product; I'm talking about a typical flip).I agree with others that the 2k upfront is, at best, unusual.

I *think* the renter will stay but am uncertain for how long.  

My ideas are a little unusual.  

I'm sure this is probably unusual but, do you all have any ideas or suggestions on ways that I could possibly go about doing this?

These are all valid reasons.Today, the market is very uncertain due to multiple factors that are foreshadowing a possible drop in apartment values.

Just the $2,000 it costs to push the paperwork.Due to your cashflow, I see no reason to cash out just to put yourself into more 30 year mortgages when future appreciation is uncertain to surpass the historical average of 4%.

You could try small claims but that is an uncertain outcome at best in your case.

I also don't like precious metals because they provide no income, so to invest in them you are demanding appreciation, which may or may not be there.I think anything you might do now would be tweaking rather than going a different direction due to highly uncertain times.

It's going to just come down to the interest payments in total, which is driven by rate, outstanding balance, and duration.Unless you have an extremely unusual mortgage on P2, you could just pay extra towards the P2 mortgage every month.

But this is clearly an unusual case.