Both are terrible choices NYC, super expensive and high taxes, and TERRIBLE landlord laws.

It should say in there what the terms are for ending the lease in the case of month-to-month.Then check your state and local laws.

My guess is 99%+ of agents have no familiarity with off-market deals or the real nuances of the laws, they do exactly what their brokerage tells them to do with appropriate checklists and pre-written forms/contracts.

Purchase price: $220,000 Cash invested: $5,000 Purchased a mostly turn-key property with a main house and an In-Law detached suite.

@Emilie Pa Consult a real estate attorney to ensure the property transfer from your Canadian company to yourself is legally sound and compliant with California laws.

The RE law in Ok and Texas clearly states that an LCC employee can find eals and help in the transaction.

If so, any law firm or agency you can recommend to help with this?

Buy and hold is interesting if you can navigate the rent control laws.

Also, research the landlord and tenant laws/ordinances.

If you simply ask the tenant to resign the lease and then there were issues I could see them claiming deception to coerce a lease signing, so at minimum I'd likely shar with them there was a recent court ruling and you need to revise to make your lease legal.That said even if your lease is void I believe the tenancy would be governed by State law.