Has window on the upper part of wall.

I am in the process of writing introductory letters, however, I'm not sure whether to address this in the introductory letter and follow up with an official notice to vacate -OR- write the letter with the same verbage used in the upper tenant's introductory letter with no mention of the last date of the rental and follow up with official notice to vacate. 

I'd like to increase my portfolio by buying fixer uppers at a discount, perhaps with cash, doing some rehab, renting and then refying those properties to pull the initial equity out.  

I have a friend who is eligible for a FHA loan, and interested in buying a light( only minor mostly cosmetic repairs, paint etc.) fixer upper to eventually rent out.

Typically if you are buying foreclosure or fixer-upper which does not meet bank's criteria you get a loan from a private lender to acquire and then fix up the property.

Relax, you actually have the upper hand here.  

If you had 200K to invest in real estate, would you rather buy one property (an upper/middle class 3bd/2ba) and pay it off completely to maximize cash flow and be debt free? 

Upper unit occupied, $900 rent, currently month to month.1st floor unit vacant seller stating rent was $1100.Split utilities, I would have to pay water and sewer bill. 

@Derrick AragonI know an upper middle aged gentleman who has started selling his properties, and he owns an 8-unit complex along the 205 corridor in SE.

Sell now and then buy a fixer upper that you can gain instant equity in and then move into that one.