Obviously, a large rehab contractor is going to cost lots more than your budget will allow.  

Check with your employer/benefit plan, some have rules that if its not your primary residence that you need to pay back the loan within 5 years, some plans do not let you make additional payments but allow pay off in full as early as you want, also if you leave your employer anytime before the loan is due, you may have to pay it off or pay a penalty.  

We consider a LOT to be advertising, including looking for or offering deals, services or service providers, products and loans or funding.The main reason behind this is that our forums would have 46 batrillion posts if we allowed everyone to come on and just push themselves, their companies or their properties.

I'm not even sure if taking pictures of properties would be allowed under that definition.

Lord knows there's enough construction to allow you the time to do that here in the metro area!

Approach them with the new lease and be understanding in allowing them a descent amount of time to move out.

Perhaps there is a grandfather clause which "allows" a distant owner...

@Tom Kuhen You're allowed to pick your own contractor to work on a 203K loan. 

First of all, do not rent to tenants who don't take care of your property (bad "hygiene hobbits") and allow an environment/condition in which pests would take over.  

He decides that he won't be able to afford rent anymore and moves out by the end of September and we allow him to break his lease with no penalty.