We are looking for 3 year lease if that is acceptable with you.My initial reaction was to decline this offer.

Hi Weronika, My Fiance and I currently have a MTR and found a lot of success with corporate leasing companies.

Be prepared to navigate through potential tenant issues and lease terms. 

The current 99 year lease started in 1987, not 1945.

Examples could include:Partnering with other investors to share risk.Using seller financing or lease options.Leveraging creative rehab techniques to save on costs.Negotiating with contractors in a unique way to reduce expenses.I’d love to hear any stories, tips, or approaches that helped you pull off a deal others might have instantly passed on.

-A copy of the Property Management Agreement and Lease Agreement. 3.

One tenant had a lease that has since expired but that lease wasn't triple net and the other tenant never had a lease because it is the family business but the lease is triple net.

But you do have to put some language in your lease  agreement or lease addendum that deals specifically with issues that will come up for the fireplace.  

I do long-term room rentals (min 1 month lease).

Or you can try and lease option it, but be sure to mentor your tenant all the way to get pre-approved, otherwise you have an 80% chnace they won't be able to buy it.