Other alternatives are offering a cash-for-keys plus returning the full deposit in hope its entices him to leave.Otherwise, hopefully your property is in a landlord friendly state where the eviction process is swift and painless if it leads to that.To your success! 

There is no alternative. 

I used to give a $$$ credit each year for grass seed, mulch, perennials, should tenant want to use it, covering materials only, not labor, but found most didn't do it, anyway.

This sounds like a better alternative than no rent.

I know there are a few options that replace collecting a traditional security deposit. Is anyone familiar with these and would you recommend them? I currently charge deposits that are $50 less than the rent if it rent...

I’m looking to do a cash out refi on my current triplex for a down payment on another triplex. I have run all my numbers on the new triplex and I can get a 17.4% ROI and it will cash flow $663 per month. Great numbers...

It might increase your rental pool, but you would need to really vet your tenants.4) have an alternative exit strategy...sell, house hack, rent by the room, etc.Thanks for posting, I am trying to close on a 3 unit as well, and have many of the same concerns.Shawn 

They also get substantial discounts on materials and things like HVAC systems and roofs.

@Barry PekinWhat if have decided to put extremely expensive materials in the house?

                                                                                   -4 to 10 layers of roof since the early 1900 (never replaced just covered up)                                                                                                  -No insulation between ceiling and baseboards, no insulation under roof material, some tar and some shingles                                                            -My current problem for the last several months is rain/water coming inside the unit.