Typically the developer (often called the sponsor) will be required to invest some portion of the equity to have skin in the game.

2) If they are unhappy with the rent increase but give me a hard time vacating the unit, how difficult will it be to get tenants to leave?

Or do you leave the assignee's doted line empty and write your cash buyers name on there? 

Assuming 60/40 split, and you end up with 40% (to be conservative) = $2,400 - $2,800, of which the house (broker) gets 20% - 50%, leaves you with at least $1,200 - $1,400 before taxes.   

There's about $15k in other investments that I would rather leave untouched (Roth, employee stock).  

Depending on your itinerary, I'm happy to do anything I can to help.Also, I believe that meeting with any of the Memphis-based frequent contributors on this site who have a moment for you when you're here would be time well spent.Where are you staying and when do you arrive/leave?

So kick him out and find a new better tenant.If you wanted to leave him you as the unit won't get much worse.  

YOu can't leave out both * * and you need a comma in between keywords

I don't doubt she'll leave, but if she does without paying, what's my recourse?  

So that leaves you only $1000 a month for debt service.