You want a healthy mix of the two.

Finance the option price and you will be under DF, to a consumer. 

They also have extremely healthy cash flows as they are luxury communities with A-class tenants.

So it's good you have a healthy respect for how quickly that could go by.  

I don't want to end up with one tenant who is paid in full and the other who is very behind and I'm punishing both.Although it's more costly and time consuming, I need to proceed with two separate eviction cases, correct?

Uneasy times in the Calgary market should soon create some opportunity for investors.While consuming all of the information here on BP, keep in mind though much of it is universal, it does have a U.S.A. bias and things will be a little different here, particularly in finance, regulation and taxation.  

The listing required a lot less time and other hand working with buyers specially investors was very time consuming.

I'd ask for the appraisal, and review it w/ a healthy skepticism.

Don - seems like a healthy market for renting.  

I have heard time and time again, consumer buyers have no vision.