I am also not planning on adding any electrical outlets on that wall.My question is, do I need a permit to do so, the work is fairly easy and I can do it my self.

The apartments are clean, don't need anything and have good existing renters who want to stay. 

If they are out and leave the place empty and clean, I give them their deposit back less daily rent on move out day in cash.I really prefer to do the walk through without the tenant.

Additionally, the investor receives no possession rights for 3 years but the investor can forclose after 3 years and get a clean title.

Here is what the contractor is proposing.This includes plumbing, no electrical or HVAC work. 

@NedCarey LOL for suggesting to remove the picture instead of cleaning up the rear yard.

I would see this as a positive and an indication that if the community is safe and clean she will be a potential long term tenant.Another tenant may ask questions like, what utilities are included, what day of the month do late fees hit, how much are the late fees, do you check credit, etc.

@Ethan Mastrodonato The whole point behind having the security deposit is to protect the landlord against excess cleaning, breakage, or theft upon move-out.

From what you said it sounds like he values time over money so negotiate the money which it sounds like you have a good purchase price, unless you have to renovate the home to get it ready. but assuming you dont, pay the 3000 for consideration to lock the house up, market for your tenant buyer and get 5k-7500k for the option to purchase and tell them they have 3 years to clean their credit up to buy it.

I had to get a letter from the county stating they were enforcing the codes for this residence and this owner was in the court process of getting it cleaned up.