It explains how the tenant is to leave the unit, cleaning required, etc.

The underlying value of an option is primarily the expected appreciation in value over the option term, not what ever you can clean someone out for.The price and terms need to be stated, at least the price as it must be stated, you could say cash or financing and later decide to offer seller financing, if you offer financing with the option them those terms must be spelled out.If he is going to live in the unit sold/purchased you may have Dodd-Frank issues.

There are other forums about cleaning up credit that go into this in great detail.https://www.google.com/#q=pfd+credit&safe=off Getting these things deleted would greatly increase ones chance of getting loans, and getting them at a better rate.

Another concern is if you have a fireplace in there that hasn't been cleaned or is not operational they will use that to burn stuff in.

When they all leave the SD would be returned to all parties on the current lease subject to deductions for damages and cleaning.

Right now they are just cleaning it out, so they can sell in a few months.

Though he has a stedy job for the last 6 years and a clean rental payment for the last 5 yrs, I feel its too risky to rent to this applicant.

Some of the responses are harsh, but they are eye opening.

It would be mostly cosmetic, i.e. paint touch up, cleaning carpets, etc.

Just to give an idea the property is a 3/2/1, 1,900sqft, liens are about $91,000(+ $150 daily), property is trashed but really needs clean up & a kitchen and paint.