The way that things like this are typically handled is that if a lawsuit were to happen, since both people have been behaving under the assumption of a lease (the landlord renting their space and the tenant paying rent), they would probably treat it as if there was a standard month to month lease agreement.  

No matter where you choose to invest, please keep in mind the following (copy & paste):--------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

You can also do a double close if the agent or the seller is against wholesaling.Double close is a process where you first close as a buyer and turn around and close as a seller, typically within 24 hours.I am in metro detroit too.

If you can find a good deal in Harker Heights, those properties typically rent the fastest. 

Given appreciation is typically where you are making most of your return in any real estate, having this additional appreciation helps create much higher returns.Additionally, my single family tenants, typically stay a couple years longer than my duplex tenants.  

That will typically spook them into catching up or chase them out.I recommend you read some books (see my signature?)

We are listed on about 6 sites and besides the typical Airbnb and VRBO, we've had success with Travelstayion as well. 

I have found it is better to use a Broker if possible so they can shop companies, and shop every year vs using a captive agent that can typically only sell their company policies.While it is good to shop, not always good to go with the lowest possible provider on insurance. 

We ended up putting that on the backburner and using the typical Airbnb, Furnished Finder, Zillow, etc. routes to fill our units.

Just crunch the numbers and ensure the terms work for your deal.Hard money typically funds up to 90% of the purchase price and 100% of the rehab costs on a draw schedule.