Meet in person.

But, you need to talk directly to the person whose name is on title. 

I'm hoping for some input on the best way to write up the lease contracts, as that is my next personal assignment.

If you truly have cashflow to spare I would personally look at the 15 year.

I personally have a separate account for each property I own.

A landlord policy can be a commercial policy or a personal lines policy.It's the same as asking if you should buy a single family rental or a 1 unit building.Focus on the coverages and disregard the name of the policy.

In our experience, Remote Investing requires finding a PMC that takes the time to understand an owner's expectations and discusses if & how they can be met.A common problem is a percentage of Remote Investors expecting their PMC to be a personal assistant.

I have sold some properties years ago on lease options where the tenant buyers actually exercise their right and purchased the property. ( I was in the deed.)The reason I am concerned to tie another person’s property up  with the lease option is that people can change their mind, as in the seller.  

Hey @Mario Morales I assume you're planning to purchase the new property under your personal name rather than through an LLC?

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.