When you have the resources to fix it up I would give him his notice of non renewal and then renovate and re rent it.

They emptied the houses, then either sold locally or via Internet.

Is that considered 'passive' income and permissible under this type of non-immigrant visa?

Hello,We bought up several commercial lots next to our building several years ago and have received an offer from someone who is described on the internet as a builder. 

He has a non-violent felony record, first time offender, great job, great guy... however ran background check and he came back approved.

If you're trying to get a conventional Fannie/Freddie loan asking another bank won't help.Your issue is they cut off at 45-50% max DTI and you are currently at 65%.You need to get rid of some debt, increase income, get a co-signer or look for non-conventional lenders.

(Applicants will sometimes give the number for their friend or family member who then poses as the person you think you're calling.)When calling the applicant's work, I'd recommend calling the main, publicized number for the business rather than the number the applicant provides. 

I am not interested in why a applicant does not qualify or to complicating my process by having to qualify a second non tenant, chase that individual for payment and possibly risk having to evict. 

I would recommend that any non-state sponsored forms be reviewed by a licensed and experienced real estate attorney. 

I didn’t have a mentor and learned the hard way of how to service the general public and real estate investors.Master how to service the general public and at the same time find a mentor who is licensed and does real estate investments in your state here on BiggerPockets.I wish you success!