A farmer will connect her, without self interest, and will continue to do so indefinitely.Ultimately the work can bear fruit many years down the line with a business opportunity, well after the salesperson has gained the prospect’s trust and respect.

It varies by sponsor track record, amount of heavy lifting and the risk.  

The numbers don't seem to work well for rentals in Nashville/Franklin and it looks like the market varies greatly mile by mile.

You should feel relieved that he is going at this stage and that you have two months rent to cover your time to find a good replacement tenant.I would continue to demand the additional months rent according to the legal contract and threaten to take him to court to collect.

I understand 1000/yr isn’t a lot of cash flow but it seems like a decent/safe start if I continue adding more units.

I reckon you need to be out of Balloons, and into longer term fixed interest amortizations.If your past deals have proved to be successful, there's no reason why Lenders won't want your continued (or new) business.

If I went by the rental rule of 50% and it rents for $2000 per month now (and if I think that could continue), their list price of $215k is not even 1%...thats why i was wondering if I should look at it differently or lowball them lol.  

Also, each area have varying standards on when a permit is necessary, so you'd have to factor that in too. 

I only have one property where I rent out rooms, the others are full places.As others have mentioned it varies by unit size and market.

Your mileage may vary.