Once you add up the lost rents, damages, and increased liabilities this tenant brings you're better off starting proceedings now.Another option?

I would change my tone with the old contractor and notice him in writing he's not welcome back to the property and you are looking into option to hold him accountable.

That seems to really restrict the buyer's options and avenues for closing.

I'm in Atlanta, GA which gives me fewer options with that budget unless I go with condos with HOA's that allow rentals, or venture out to towns outside of Atlanta like Macon, GA, Athens, Lagrange etc...

I would recommend reaching out to a few to get a better handle of your options.

They've made Detroit real estate investing a viable option for someone like me who values a hands-off approach.

@Juan Lizarazo plenty of options around.

Is sending out some goombas to break knee caps an option? 

These were the options that were presented in the signing documents as well as the option for the amount I'd like to initially draw.

I am not sure if this is the right place or not but I wanted some input into any obvious issues with my lease option offers to the tenant buyer that earns plenty of income but doesn't have the cash right now and wants to improve credit before purchasing but would like to lock in the price as our market is still struggling with inventory.