Maybe landscaping, repairing things, painting the hallways, etc to show that you care, before sending the letter.

Just want to add another bad comment on ABC Capital Realty, also as sister company Premier Rental is an aweful company.

Make sure you understand the condition of the property and make a list of every single item that needs to be replaced or repaired.

They don't tell you that you cannot evict Bob because he has equitable interests in the title and it can take 120 days or more, plus legal fees, plus repairs, plus MORTGAGE payments, to finally get him out of there.I was sitting here planning to lease option my primary residence and I wrote down my "doomsday scenarios" and realized that I have to spend more money than I thought for legal help to understand and / or mitigate the risks...  

The tenant texted me a couple days ago and stated “we have not lived in the house for two weeks, but I still have a table in the garage and a lamp and some **** there.”Should I return to the home now to get the ball rolling and get this place re-rented by doing some repair work or just wait until everything is removed/ the whole process is done with?  

It depends on where you live but enough for the down payment plus one of the most expensive repairs you can think of like a roof repair or minor foundation issues if you live in a place where this is common.

If they don't qualify for a loan due to bad credit or lack of a down payment when they start renting the house, they will have a hard time saving up the necessary money and repairing their credit in the 2-3 years during an option period. 

This lease does not change the length of your lease term (month-to-month); it simply updates relevant matters now that I will be assisting you with your housing needs.

You've posted your return with no HOA fee, no vacancy, no reserves for repairs, no property management and no letting fee....with those calculated in your returns are much lower. 

Found a quality tenant, used excellent management, and have made repairs quickly.