Don't raise the rent until the next lease renewal, and maybe not even then.Honestly, this is why, in my opinion, condos are a terrible investment for your average investor (unless of course you're investing in an area where there is sure to be rapid, immediate increase in value - sort of like buying individual stocks is not a great idea, unless you have a surefire way of knowing that they're about to skyrocket in price).If I were you, I'd think about selling the condo and get as much as you can out of the deal. 

If several tenants do not renew their leases and move out, you and your potential partner would spend more than you make until those units are filled. 

I'm entering the third year of a 3 year work visa that is technically renewable indefinitely in 3 year increments.

You'll have to pay relocation if you do not offer a renewed lease with "substantially same terms" anyway, so screening is where it's at.

On this property, I'd give it a pass unless the seller is willing to adjust the price or you can increase the income somehow (gradual rent increases as leases come up for renewal), property improvements, etc.Luke

Lastly do not renew the lease.

My tenant pays $1100 and wants to renew lease.

I'm assuming by "remove the tenant" you mean you will not renew their lease? 

The 30 days your are referring to is if you terminate an existing lease or non-renew it. 

And then I do not renew said warranty after the first year.