As you are aware, the long standing tenant can get a lawyer and assistance from the housing rights advocacy agency.Which could cost you court fees, relocation and additional FREE rental occupancy for the tenant ( judges do this a lot). 

Of course, the differential in return needs to be meaningful to compensate for the additional risk of a stake in a flip transaction and the tax filing overhead.  

The end goal is to have a substantial amount of passive income as well as build equity, to have additional security for my family in case something were to ever happen to myself or my job.  

My plan involved using the 150k to pay off my current loan and the remainder of a vehicle loan which would reduce my monthly bills by 350$ but the 150k loan would have to have a term of 30 years.

Here is the break down I have so far:Purchased home in 2010 for 144,000 with 5,000 down FHA.Sell now for 175,000-ishOr rent for around 1,450 month and refinance to reduce monthly payment.I currently own 126,400. 

Get the income first, then explore ways to reduce the taxable portion.My $0.02 ...

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I want to make sure the tenants get their deposits back in addition to a sum to leave the property in 30 days.

The additional amount could be due to the lack of payments, legal fees, a possible refinance, and/or home equity loan.

We utilize an efficient method that allows us to build homes very cost effectively while producing less waste and reducing our carbon footprint.