If it were me, I'd do a brand new deal with him directly at the same price point I would do it with a new buyer if he left .  

At the same time, my policy is actually performing as expected.

My goal for this year is to find my first deal and acquire a duplex or Triplex that needs work, perform a little rehab and then hold long-term.Drew

And then you end up with 5 year old floors instead of brand new.

(that means you pay them a fee or commission for performance.)Compare a simple equity profit on a deal and walking with $10,000  in your pocket.

Even bathroom advice, long lasting tubs, decent brand faucet/shower heads, sliding door or curtain?  

Can I just bomb the place and hire a professional cleaner and not buy a brand new Frig.  

Keep in mind that I'm brand new at this.

I am a brand new investor who is looking to gain more knowledge and experience.

there are two approaches to multifamily sandwich lease options or master lease options You have to be careful about contract law in the state you're in and seeing an attorney about being able to draft leases that are performance-based, another words if the tenant doesn't pay you the middleman, you do not have to pay the seller-ownerMaster lease options on an apartment building, 5+ doors, do not involve Dodd Frank or the safe act, they are in the commercial area.