Basically I am charging them 2 weeks rent in return for allowing them to break lease early.I've also contacted their real estate agent and mortgage lender to confirm that they are on track to close 11/5.Why?

@Sean McGrady: no one can give you a number, because we don't know anything else besides 3.5% down and you have 5k.  3.5% of a 200k purchase price is $7k, plus several thousand in closing costs, plus some level of reserve capital just to make sure you can fix the furnace when it breaks.  

This is pretty vague and a bit impractical, even contradictory.If you hire a doctor to do a procedure, you could be technically breaking the, "not what will be done and how it will be done" part if you discuss the procedure with the doctor and give them ANY feedback on what you want done!

A partnership is a marriage, if it breaks up, it is rarely amicably, and there is always pain, whether it be emotional, psychological, and/or financial.That being said, you need to talk to an attorney to create a well structured partnership agreement.  

Most decent deals I’m seeing are barely breaking even for monthly cash flow after i move out and are still being sold over asking price. thanks

If you replace the siding avoid breaking, sanding, cutting, drilling and sawing the materials.

Hey Lawrence, I have worked closely with members inside the Jake and Gino crew and have personally sat down to break bread with Gino earlier this year.

But, what happens if they break up? 

When my tenants want to break their lease early, I offer them the following:Notify me 30 days in advance.

If you decide to build the costs further into the already-high rent, don't break it out - just add it to the rent.