I'm looking into buying the first investment property, and it seems like the only thing I can afford at the moment is properties from a low-income neighborhood without putting me into significant financial risk. 

Offering to release them at any time and give them prorated rent back, gives them financial incentive.

The SPE stands by itself as the entity that controls your (you  personally and his existing LLC) investment.

Fellow BPers,I am in commercial RE development of smaller stand alone buildings that at this point are fairly cookie cutter.

@Kyle Gendron39-49 cent just for the stamp doesn't make financial sense.

I've never worked with, but had a good discussion with Jamie Tritz from American Financial Network.  

If they have good standing with the previous owner, you can use your best judgement on whether to let them stay.Purchasing properties with inherited tenants requires careful handling.

Thanks for any insight and any financial institutions you might know of that offer more flexible terms.

It's more important to start with where your financial goals are...and I don't mean "I want to flip this many properties and hold this many at the end of a year".  

The financial partner can feel confident when the person providing the TK property stays on in the deal...and doesn't just dump it and run.