Our lease states "stains of any size or amount do not constitute normal wear and tear". 

But I do lease options, not cash wholesale.

We are going to close on a property that is occupied by renters with a lease ending January 2019.

Do we have to wait til their current leases expire & then not renew? 

Plus, the lease agreement is always better when done professionally.Even local landlords don't live where their rents are: rentals with 18-22% ROI are not in A class, where most landlords liveNext reason: out if state investors.

Houston Real Estate Highlights in August(* asterisk denotes that the “Harvey effect” has been removed): Single-family home sales rose 7.6 percent year-over-year, with 5,844 units sold*;Days on Market (DOM) for single-family homes declined slightly to 49 days;Total property sales jumped 36.8 percent, with 9,978 units sold;Total dollar volume increased 40.1 percent to $2.86 billion;The single-family home median price rose 3.0 percent to $236,870, reaching an August high;The single-family home average price also achieved an August record, rising 1.9 percent to $300,670;Single-family homes months of inventory was at a 4.1-months supply, down from 4.3 months last August and equal to the national level;Townhome/condominium sales rose 12.3 percent year-over-year, with 457 units sold in 2018 compared to 407 one year earlier*;Leases of single-family homes rose 7.6 percent with the average rent up 3.4 percent to $1,926*;Volume of townhome/condominium leases fell 8.6 percent with the average rent up 5.5 percent to $1,639*HAR https://www.har.com/content/newsroom?

Lease options?

You have to honor the lease though.

Then submit the lease agreement to the lender to show income.

To set the stage, here are a few key points:Property:2 story townhouse2 bed / 2.5 bathMostly carpet18 month old (yep, its brand new)Situation:Nobody was hurt to my understandingTenant did not have rental insurance even though it was required in the lease per my property managerTenant admitted, in writing, they caused the fire.Kitchen fire that burned the kitchen completely and I have smoke damage throughout.