re: What should my tenants' new monthly rent be?

I'd offer them the same rent, especially if they have agreed to purchase at that price and it will be within the next year. You run a higher risk of them moving out and possibly damaging your property. Not to mention mortgage costs while finding/placing a new tenant, who may or may not want to lease/purchase at the same amount.

Your main objective should be to get out of a rental property generating cash flow that low. (I had a similar problem with mine, but was able to make the refi numbers work and generate much better cashflow).


That 14k is gonna be gone real quick after closing and taxes.