The risk factors essentially establish an almost worst-case scenario that influences cash flow. 

@Remington Lyman That’s essentially what my plan was I just didn’t actually know there was a formal term.

That's who's paperwork you'll be asked to sign and who would be the party taking the assignment and actions I mentioned above.

@Grant PopeYou’re essentially offering them a 30% annualized return.

There is a great rental owners association here that can help you with paperwork that is well known in the courts in both counties and they have a hotline to ask questions for us land lords that don't do this full time.

But it still leaves me questioning why someone making $6k/mo wants to move to what's essentially the hood when there are plenty of nicer and closer options available for not much more.

I have a good number of commercial properties and fortunately a lot of my tenants are essential.

I have widened my market to essentially the entire Metro Atlanta Area within the I-285 Perimeter, but this has done little improve my results.

Should the project manager send them Notice to Quit paperwork?

However he is an essential worker to us, as our house is not livable without him completing his projects (shower is not usable, bathroom sink isn't usable, stove isn't usable) He has since been very unresponsive and when he does respond, it's with excuses about being broke, not having gas and having to visit his grandmother in the hospital (even though hospitals around us aren't currently allowing visitation...?).