Long term (1-10 years) rental agreements

[Zach Malhiot]

Hi, what are the pitfalls of leasing a rental for over a year term?  I want to set up a structure with a renter for multiple years with a steady rent that can only increase with the increase of property taxes.

I think this tactic could be a good way to purchase houses from people that no longer want the hassle of owning their own house but do not want to move.  

Thanks Zach