Take a higher deposit if you want to rent to them would be my recommendation

Purchase price: $199,900 My first real estate purchase, which I converted into a short-term rental, I rented for half the year when I was away.

I’d like to increase my cash flow and one thought is selling them on a wrap.My current P&I payment is $280/month with 25 years left on my mortgage.If I do a wrap at 30 years, 7% the P&I payment would be around 980, giving me $700/month of cash flow and no other costs.Sounds simple, but the devil is in the details.

Then in 1 full year you have a rental property with more than (1) rent per month.

This goes for any landlord if the rent is late start the process.

You agree to pay an additional $200.00 lease violation fee each time we determine, at our sole discretion, that smoking has occurred in your rental unit, due as Additional Rent.

So this gives an option to sell or rent.

This is a great time to look into the New York multi family market.Brooklyn has seen the highest percentage increase in inventory (74%) compared to other NYC metro area counties since last year (source: oneKey MLS). 

Increase your income.

You might transition that to a question like, "If your lease ended at the end of the month, would you continue renting and why?"