They are a negative (dirty car etc.) so you should take that into consideration on your ARV.

So, I was thinking of just riding it out until I get a fresh tenant, then raise their rent considerably until they move or sign the lease.Thoughts...

Basement has proper window size/height off ground and staircase that meets egress code requirements.  

This is something my parents are also invested in, and it takes considerable less work for them!  

I want to make sure my risk is taken into consideration and I net as close to $10K as I can.

It's perhaps a workable deal, but give serious consideration and discussion to the scrapes that I've mentioned and decide if it's really something you and two other folks wanna tolerate, just to divide three ways the forecast $106.25/mo cashflow?

Considerations in determining the eligibility of a borrower for one of these exceptions are the length of time the previous property was owned by the borrower and the circumstances that compel the borrower to purchase another residence with an FHA insured mortgage.

This week I:- Adjusted the seat height of the bicycle I rent to my short term renter.

Backed out, that deal was dead.I started looking for another property and again through the MLS my agent found a townhouse (reo) in Glendale Heights that seemed promising.

In two years if the price drops AND you have to pay the 15% (or whatever it is) in capital gains then you are double screwed.My recommendation would be to sell it on a lease option with a 5% option consideration (or whatever is the going rate for the area) up front and require a minimum 12 - 18 months before the buyer can exercise their option.