I would offer them an out, pay up or mutual release and refund. you may lose some rent but it will probably be to your benefit in long run. extra rent payment is not worth the hassle of bad tenants

Also, mortgage insurance is currently tax deductible, only because Congress keeps extending the sunset each year.  

We also have a third option - the listing agent could act as a "transaction broker" and simply facilitate the sale, but that would mean the seller would have to release them from certain fiduciary aspects (and the seller would be nuts to agree to that, IMO) Our state law requires a signed disclosure of different types of brokerage relationships before any showing are done.

Short term is going to have less repairs than a long term ex. roof repairs, paint, and the ac are all things that might need to be fixed in a house you hold for an extended period of time.

I've loved listening to all the insights offered through the podcast and look forward to extending the conversation here.Nathan Wandell

If the goal is to protect the siding and extend the life of the building because of peeling paint and sun damage, I would paint.

Nicole - I did not tell him he could move out early, or release him from the lease.

However, the 2nd mortgage note holder May, or may Not, have released the liability (debt) to the owner. 

@Joseph Norman, @Alec AndersonI just re-read the Fannie Mae fact sheet for the Homestyle Renovation loan, found here:https://www.fanniemae.com/content/fact_sheet/homes...Apparently, I mispoke ... you CAN do your own renovation (see page 3, first section), with the following conditions:1 - The lender agrees to it2 - The renovation amount doesn't exceed 10% of the as-completed value3 - The property is a one-unit, owner occupied homeAlso, from page 1 - you have up to 12 months to finish the project, although I believe that is also partially decided by agreement with the lender, and they may be able to extend it depending on the circumstances.Just wanted to correct the record for anyone else reading these posts.

Just want extend a welcoming hand to BP.