I believe for your first investment property you should look into using the Master Lease Option method, it has the least amount of risks as there is no down payment and and you can essentially "test drive" the property before deciding whether or not to buy it.

If your investment has appreciated a lot and time the lease will expire and it is in a D, F neighborhood it is time to consider cashing out and do something else. 

Thus we are now suggesting to owner that he sell to an investor and contractor that could purchase "as is" and complete the project for the comparable $50,000 market value in the area, the owner has refused to sale and is holding us to our lease.

This includes a reliable cleaner, property management, rental sourcing, landscape etc.

Subject to, wrap, contract for deed, an option, or a lease longer than three years all typically violate the due on sale. 

Hi BP! We are needing a termination letter for our tenants effective in two days. Anyone have a suggestion of where to find this document? Thank you!

Send notice today and prepare to either release your tenant from their lease or evict.

However, your exit strategy would need to be either sell it or rent each unit out on a long term lease. 

They should be able to contribute 2% closing costs (about 6k), You can also ask for a home warranty (not a huge value but it could help with maintenance for the first year)If there are tenants do you want to take over the leases or do you want the property empty? 

If you sold on a Lease Option, not much needs to be done.