Depending on how strict your state is with lead paint you may want to watch out for that as well, it was banned in 1978 I believe.

If your property is in a good area, if you have strict tenant qualifying criteria, then you heighten your chances of having a tenant who is financially wise and who will have saved some money for such occurrences as job loss.

Many providers are strictly turn-key and many agents provide properties that have not been fully flipped but that might cash flow a bit better! 

The ability to make excuses based on the disruption of COVID19 is not ending any time soon, so if you can get him out without waiting for eviction courts and rent to a tenant that needs it, that is a better long-term plan.For the next time - late penalty, strictly define and enforce lateness - and if you think you aren't going to be able to pull that off in a disciplined and emotionless way, then get a good PM to do it for you.

So this question is what is the best rout in getting rehad cost?

Aaron,Get an agent so you are represented have him send an official offer- with a strict timeline - Remove the relationship from the transaction.

@Jason Barnes the requirements are very strict at the moment: net worth equal to loan amount, 25% down, 12-18 months reserves and PM experience.

There are strict rules about self promotion that are enforced very quickly. 

The issue with smaller properties, strictly from a valuation standpoint, is they fall in line with general market pricing and have very limited correlation to the financials.  

It is even more strict if you want to rent it out to section 8 renters.