This letter is the required written notice before the ejectment lawsuit against them, to either vacate the property voluntarily or sign a lease with me.

As landlords we would have a much more difficult time with an eviction than simply giving notice to a tenant in a month to month agreement that we aren't going to renew, correct? 

It's a common misconception that 5+ units is needed for commercial financing.Commercial/portfolio loans can be used on SFH's and 2-4 unit MFR's as well.

I'm going to be a bit of a contrarian to the above posters, but let me first qualify my post by stating that your market will determine what you should do.We frequently install en-suite laundry in our units - in fact, we have removed common coin-op laundry in most buildings of 6-units or less in favour of en-suite laundry - for the following reasons:electricity and, in most cases, hot water costs are transferred to the tenant;where water is sub-metered, water costs are transferred to the tenant;high-efficency residential laundry machines are about half the capital costs of commercial coin-operated machines;we can command $30 - $50/month in additional rent with en-suite laundry;by installing our own machines, we know they are installed property, with catch/drain pans and {going forward} leak detect shutoffs; andwith en-suite laundry vandalism of laundry machines has been non-existant ... and if a machine is damaged, we know who is responsible.We have a good rapport with a couple of local appliance suppliers and get called whenever they have "dinged and scratched" units to unload ... a small, cosmetic dent in the side of a washer - which will never be seen when it is installed in a laundry closet - can be worth a 40 - 50% discount.  

Actually, people paying a year's rent up front is fairly common and different ones do it for different reasons.

@Skylar Vincent  what you’re most likely referring to is sort of a common Misnomer on BP.  

You may need to have paper involved every now and then for things like a Pay Or Quit notice, but you can scan and keep a digital copy.

If after that, they don't clean up their act (pun intended) I would start posting the appropriate notices.

If not, the Property Management company should send a 7 day notice and proceed with an eviction.

It has now become common place for wholesalers to come in and offer 25 - 35 k over the asking price and then quickly turn around a double close where they get a +20k commission.