Do not make their final payment until all punch-out work is done and make them sign a full Lien Waiver before making that final payment. 

@Lee Ripma I've thought about being the bank, When you're funding deals are you funding the entire deal (to include all rehab) and being the First position, or are you funding Acquisition/Down payment only requiring your borrower to have "Skin in the game" and leaving you in 2nd position?

My final concern is that the one tenant has 3 pit bulls.

Without going into all the details, this was extremely challenging to get to the closing table, but we finally did. 

What kind of financing are you using for the acquisition?  

There are good reasons to have a local agent working for you though, they might bring you deals you missed or where otherwise unaware of they also ideally can function to double check everything to make sure everything is handled correctly and finally the very best agents also have great relationships with vendors and can help you through the whole process. 

They were finally evicted after a number of years.These houses are very close together, and I don't want a repeat of that experience for the remainder of my stay here, no matter how short it may be.

I'm finally looking into getting a loan and these areas seem to be all I can afford at the moment.

They require their tenant to pass credit score check and steady income and pay 6 months rent up front and help them work on the getting the loan/financing to finally close on the house.  

Acquisition Fee - 1% Debt Arranger Fee - 1%Loan Guarantee Fee - $25k per guarantor Waterfall - 10% pref. and 80/20 above 10%Asset Management Fee - 2% of Gross RevProperty Management Fee - 4% of Gross RevConstruction Supervision Fee - 5% of construction spendExpense Reimbursement - Expenses billed to the property