However, if the new month to month leases change any terms of the existing oral agreement (utility switch, rent increase, etc.), the tenants will need appropriate notice of the change in terms before they can be asked to sign new leases. 

They are cheap, and will get cheaper in coming recession, as tourism to Vegas will decline, and they have superior growth and great management, that know what they are actually doingADC -(Agree Realty), they do what I do privately, but on a bigger scale, run by Joey Agree , very smart, they have excellent growth, multi-tenant, triple net retail, and grocery anchored Retail, they will benefit from massive secular tailwinds, as there has been under construction in retail for years, due to fear of E-commerce, higher construction costs/insurance costs, post GFC under financing-construction, etc, so existing inventory is commanding higher rents, we are bumping new leases by 7-11%, they will get this endogenous earnings growth for yearsthese should perform well over next 10 years, never buy anything in Real Estate for less than 10 years, to allow to go through cycles, and if you can buy in 401k/IRA so dividends can be re-invested tax freegood luck, you have to monitor your E-REITS like you would any other stock, closely, as they move with sentiment not just on NAV like private Real estate, so you can't just dose em w 200mg of propofol and walk away, not that you'd ever do that :)good luck

If you've found your way to this forum and stayed for a while, you are probably in the upper tiers in terms of hosting savvy and have therefore learned how to automate the process while giving excellent service.

It's an excellent addition to David Green's book "Long Distant REI".

Additionally, if there are any resources or tips you'd recommend for a beginner like me to excel in the REI bookkeeping realm, I would be grateful for them.Thanks in advance for your guidance!

@Mitch Horwart @Excellence Carlos Did any of you end up trying their services? 

I did not have your mentality at 21.I'd say you are headed in the right direction with the strategy you are considering - househacking.You'll be able to use a low-down payment option, learn to manage properties, create systems for managing maintenance projects, have your tenants pay most or all of your mortgage,... the list goes on.There will definitely be hurdles but like you said...you'll make it work!

BRRR's are meant to replenish most or all of the money you put into a deal so you can buy more faster

For database, Excel, Google Sheets, or AirTable (web based).

I use Furnished Finder exclusively for midterm rentals and have had an excellent experience.