You also want to see when those renegotiations do happen, as it might be in the near future and not necessarily further out when the lease is expiring.

It had/has a city lien against it for lawn service, I leave it for the lease option tenant to pay me in the future.

The buyer of the house should expect some continued movement of the house as it ages, but can greatly reduce any future movement with proper maintenance of the property, including keeping soil conditions consistent, not allowing excess or lack of moisture. 

Would you only raise rents to market if the tenant is less than sub-optimal and take the initial hit in hopes of a better tenant in the future?

I'm working on increasing my income to hopefully invest in future properties, and trying to help my friends and coworkers on the path to home ownership since many of them are renters in their 20s and don't know the options that are really out there.Here is where I'm stuck: someone I know is currently renting.

We should be able to sell it for $125-135K.As I said, our plan was to flip it, BUT after listening to a ton of BP podcasts, I've been getting really excited about the idea of rental properties, as an investment in our future. 

If you want to make it big in anything you will need to forgive yourself for anything in the past and set your sights on the future.

You may add that you will keep the application on file for future consideration.You should keep a copy of all applications anyway. 

Every primary residence I have purchased, I have required a survey.Going forward, would you recommend surveying future properties?

For example, a HELOC is a variable interest rate...so it's hard to know what your payment will be in the future.