With that said, these numbers are probably too thin to generate a consistent/prolonged positive cash flow.

This is also my concern that a tenant may not call for repair or prolong the problem where it may become bigger problem.

The tax benefit in this case will be short lived, not much paid to principal in 5 years, the seller just prolongs the agony.

I'd send that letter prior to settlement, I'd give possession prior to closing in the sale contract (where you can give your down payment as earnest money) and prolong closing as reasonable, like 90 days.

You can do it in sections, but that just prolongs the pain of both filling the vacancies and the low rents.

He prolonged my job only a few days but he was an interesting character, not very helpful AT ALL.That makers sense from a 203K contractor standpoint.

While that is true the demand side of the equation has been incentivized by a post-crash prolonged period of cheap credit.

If the tenant is at market rate, or close to it, I would keep them through the winter to see how they work out and to aoid a prolonged vacancy.

Overall it is a good sign that the tenant even gave you a heads up the guy would be staying for a prolonged period.

I'm worried about a prolonged vacancy.