The house we are considering is a new build 3bd/2.5ba in Lochbuie/Brighton Colorado which is a growing area with decent rent growth 4.8% MoM currently we think we could get $3,600/mo. if we finish the basement ourselves idk $30K?

If you were in Seattle you could not end this lease or month/month, no options at all, and you would be stuck with this person until they are carried out.

You could set up a “deferred down payment for 12 months” or have a stepped up down payment (so much per month until number is met) It's really whatever makes sense for the two of you.Things to consider, property taxes have to be paid, repairs have to be made, vacancies have to be accounted for, insurance has to be in the name of the person on title.

I personally have not invested in a property like this before.

So the way I see it it's person's situation specific, as well as properties you have in your portfolio specific vs a specific amount.Good Luck!

Personally, I would go after base hits 

@Brian Willie personally i would not do this. 

If the person or service is fantastic, there is potential for A LOT of business (~160 turns per year).

Personally, I think curb appeal is low on the list for MTR success.

Personally, I rent out properties that I personally would live in- and I carefully screen my tenants.