Do exactly what the lawyer tells you to do as far as the notice and procedures.Interest rates remain low.

If they want to remain tenants there then they should be required to pay a normal rent.

My leases follow the Colorado Residential Lease Agreement template on the State website which doesn't list a fee, it simply states, In the event that any payment required to be paid by Tenant hereunder is not made within three (3) days of when due, Tenant shall pay to Landlord, in addition to such payment or other charges due hereunder, a "late fee" in the amount of ____ dollars ($__) In my leases, I charge "10% of the regular monthly rent, with an additional late fee of $3.00 per day being imposed for each additional day that the full amount of the monthly rent remains unpaid."

Make sure to set up your keywords, remain active on the forums, tune in to the podcast, and search for articles that further assist your needs.

At this point there is nothing else I can do personally while remaining a "good neighbor".

When you say rehab is 90% complete, what's remaining?

The criteria that differentiates me from other local investors seems to be my increased deference of cash flow to cap ex, as well as the fact that I'm also looking for at least $150 cash flow remaining.

The remaining 20% is your contribution towards rehab and paid from your personal funds.

Here are the details:-2.25 acres 2690 sq ft house Snohomish County, WA-Current Loan Amount (construction to permanent): $320000-Current amount drawn on the loan: $78400 (includes $9000 loan fee)-Interest rate: 3.95% ARM-Land Appraisal March 2017(bought outright with cash October 2016): $115000-Completed Project Appraisal March 2017: $525000-Current total yearly income: $92000-Total monthly debts: $240 vehicle loan(owe $5000, we can pay off if debt to income is an issue)-Cash in account: $22000 (We just put $17000 into firing builder/ foundation work out of pocket into the project)-Cash remaining on loan: $241000-Estimated amount we need to complete: $280000 minimumWe believe the project will appraise for $580000-$625000 currently based on redesigned plans (added 200 sq ft) and new comps in the area we are building. 

Just for reference of the forum, this deal is in Louisiana.So I think the seller actually still has $30,000 remaining on her mortgage on the property and from my little research on owner carried financing, that would be an issue, correct?