Repaint, cleaning, etc....So that way the unit is in rent ready (showable) condition as soon as possible.Good Luck!

As his health is failing, I am stepping in and taking over.

To me it comes down to condition / amenities VS the year built. 

They're leaving today, so once I get down there and check the condition of the house I'll know more.Would you rent to her again (if the house is in great shape)?

Re-plumbing is something you won't want to wing but you can't hire out what you can't pay to have completed.Sometimes we have to catch-up to the opportunity...repair and build your financial health - and then reward yourself by starting this new business.Just one opinion...you'll get a lot of others to weigh in!

A normal FHA purchase means the property has to meet all health and safety code violations.

Conventional Lender will likely see it is not an arm's length transaction and be more careful to get all the paperwork and not waive any conditions.

At the moment you can only terminate a rental lease (even month to month leases) for health and safety reasons.  

For those of you who have considered or actively rent to prior felons, what was your screening process like, and were there any conditional terms you put in place? 

Tenant was inherited to us when we bought the house last year.I want to get last month rent as possible, as I am not sure about the condition of the apartment when he leaves, I may have to use security deposit to cover for damages he might have done to the apartment if there's any.Please share your similar experiences or provide any suggestions that would be helpful.