I used a realtor to help me with MLS posts and find off market deals.

By no means cheap but solid rent + demand, fun place to live, decent inventory (relatively speaking), and is still commutable to the city. 

If they gift the land, it falls under the annual gift tax exclusion ($18,000 per recipient in 2024) or the lifetime gift exemption ($13.61 million in 2024).

Starting with a smaller property or a few fix-and-flip projects can help you build equity, gain credibility with lenders, and better understand the process before scaling up.Securing funding for larger projects can be challenging without prior experience, but options like hard money loans might be worth exploring.

The 'guy' can either move out immediately or the can both submit an application to rent the property together. 

Did you really just post the same topic in 4 different spots??????

Be careful following the advice of strangers on the information superhighway.

Trustin your PM partner is important and they will follow your lead, so don't expect them to provide you with your business plan. 

Can you do the lease renewal, but have lower rent for the first month and then increase it the second month (if that fits with 60 days' notice)? 

It's the safest way to start and it's a guaranteed profit when you get the right deal!