Do I need to get the sheriff involved, or can I proceed with turning off the utilities effective that date? 

Another consideration with interest rates is are they the cause or the effect?

I think it's Probably takes 6-12 Months to achieve Market rents. that's a Good Point to factor in my effective rent into Credit loss or loss to lease in my First year.

Even if the market does dip in the short run, it would not effect you if your plan was to hold your condo long term. 

If it's written and you both agree to it will eliminate any hard feelings later if there is a disagreement.

I currently work in the construction industry for a large manufacturer and I am seeing the effects on the material end and how that’s translating to builders etc and do wonder what this all might mean for the housing market.

Note at the bottom that the landlord MUST give the tenants one month's rent:"When a landlord ends a tenancy for landlord’s use of property, the landlord must give the tenant the equivalent of one month’s rent on or before the effective date of the landlord's notice.

The pros are calling hundreds a day using dialers so it's not really effective.

DSCR eliminates that issue too. 

If it turns out that it will be more affordable to purchase a preexisting home (again, financing in place), then it may eliminate the need for the rental altogether, simply by moving and then renting out your current home.