New Landlord inheriting tenants

[Brennan Hile]

I am closing on my first rental property at the end of December. Its a duplex with both units currently occupied. One lease runs until Feb 28th 2020 and other August 2020. I will be living in one unit when the Feb Lease runs out. 

Questions: 

1. The current lease requires 60 days notice if the lease will be renewed or not. If no notice by either is given it becomes a month to month lease. This would mean that basically the day I close i need to notify the tenant that their lease will not be renewed. How would you go about this?

2. What are best practices for keeping distance from the tenant? I don't want to be the land lord that lives next door to avoid any hassle or late night request to fix a dripping faucet. I have considered a PO box and telling them I am the property manager. Any suggestions?

3. The two leases have a combined $750 in non refundable pet deposits. Any chance I will get those from the seller at closing? 

I would love to hear any additional advice about becoming a landlord!

Thanks for the help.