Other than this situation she has been nothing but a good tenant. thanks in advance

@Amee Gardner I'm sorry to hear about your situation, it sounds quite difficult. 

Boise Turnkey - IdahoJacksonville Wealth Builders - FloridaPinnacle Investment Properties - Indianapolis, Kansas CityI would be remiss if I didn't mention our company, but we are a turnkey provider across multiple markets as well.  

I think it should definitely be done prior to the tenant moving in though to avoid a potentially problematic situation.

In these situations, we generally give them the option to sign a month-to-month agreement with a huge increase or have them sign a lease for the whole year.

I am a title abstractor and reviewer with 10 years experience in multiple states.

It will decrease your cash flow as your single payment will be higher than the multiple payments combined. 

I’m fine with this, for now, as a long-term investor.I don’t believe our current situation would enable us to qualify as Real Estate Professionals, which would result in massive deductions.

I am currently finishing up remodeling a bar/restaurant for this investor that will be closed on by the end of May.My current financial situation is unfortunately not great.

Even then there is some prep work and it may take multiple coats.