@Caleb FolseCozy is great for rent collection.

well, you can wait to see what your lender says or pro-actively collect some soil samples from around the inactive tank.  

Those are usually pretty current as they collect payments from homeowners throughout the year.

Hasn't your company been collecting escrow for real estate taxes and home owners insurance for the past 10-11 months?

With what's happening they are the most stabilized return before collections.

(rather you could re-negotiate, but the tenant does not have to).Cash for keys might be an option...but I would rather go for the send them to collections for back rent and then offer to forgive that if they get out now...aka if you think you can maybe pay them $5k to leave, they would maybe take it (make sure they are out before you give them any money btw) but you may be better off letting them know that they owe $12,234 (making numbers up) in back rent, and possible property damages which is getting sent to collections.

Study what other property managers are doing, apply their fee structure to your scenario, and then tweak it to make it work.You'll soon find he can't do well with less than 8 - 10% of rent income collected.

In the process of doing all this I also have a handyman that has been managing everything from fixing leaky toilets, repairing roofs, helping locked out tenants, collecting rents, handling evictions, and helping with leases where needed.  

How do you collect a security deposit for tenants that currently live in one unit of a multi-family I'm scheduled to close on in two weeks?

For the most part we’re doing ok with with rent collection and are not strictly enforcing late payments as long as the tenants are communicating with us their unique situation and also what their plan is to obtain this months rent before next is due.