I do have a failure to take occupancy piece in the lease, but the wording in it really is more geared towards a 12 month lease.Thanks for your advice!

Hello David Greene, Thanks for taking my question.

Should I take a rout of a non-confirmed unit?

It may take you a year or so to get the rents to market rates, and even then a 10% return may be more accurate.

Its been great while working in the house with the rehab, however I am concerned with a Tennant taking advantage of this: smoking inside, not opening the windows while running it causing a backdraft from other appliances like the water heater which would cause it not able to vent to the outside properly, and I'm sure there are others. 

StatesA demographic reshuffling is taking place across the U.S., with states in the Northeast and the West seeing shrinking populations. 

If you want to leverage, you could use the property as collateral, take a hard money (bridge) loan, rehab, then refinance, which also makes sense.

So I would focus on continuing to build / save money and if a deal comes along, then look to take advantage of it, but do not force things or manipulate #'s to make a deal look better than it is.

Now it's stable, and time to take out the hard money with long term institutional debt.

Keep learning through reading, listening to talks, taking online classes, and chatting on online boards.