I think they said they were paying for renovation so that would balance it out- exit cap rate of 6.5 seems optimistic in an interest rate environment that is going up.   

For these properties the 10 day grace period has been helpful.My lease specifies "...If you pay less than the full balance due, payments will be applied first to the earliest unpaid rent and other additional rent charges."  

This would be my first commercial property and while it has some tenants already I know these can be a bit more difficult to lease out than a 2 bed 1 bath. 

Then started eviction today if there was no rent.Oh, and there's no difficult situation here. 

Also, do I need to return the balance of the security deposit within 30 days of them vacating or within 30 days of the end of the lease? 

We decided it was worth requiring a security deposit in the hopes that tenants would think twice before treating our furnishings that way.The law is not all that difficult to follow.

They should be able to let you know right away how difficult that plan would be to get approved, and what the process would entail to seek approval.

It is difficult to find turnkeys out here due to the rent-to-purchase ratio not being as good as one would see in the Midwest or the South. 

However, The San Diego market is much more difficult to get involved in.

My wife and I are willing to self manage(buy ourselves a job), but the numbers still don't make sense on the south shore, and self managing any other side gets difficult.