I've bought a few SFRs already, and I am now trying to transition into multis. 

After the transition I took the job of renovating the old site to make a new medical office.

One could credit the remaining folks for the deposit on file and return just the leaving tenant pro rata, but then you need a small check from the remaining tenants anyway to get the full deposit, and you never know how they have allocated or paid the deposit (or even if they are on good terms), and you rely on the kindness of strangers to return it to the leaving guy (so he does not ask you for it later).Either way, make sure it is crystal clear and communicated (I communicate it multiple times) to ensure a smooth transition and prevent problems; that may be key, get the fuzziness out and make sure no feathers are ruffled.

You can try to transition your 19 units to prop mgmt to see if you can get comfortable with that before taking the plunge on 67 units ( but at the same time make sure you are not losing the 48 unit deal if there is a risk) .  

I'm sold, just sent my first tenant through and plan to transition the rest shortly. 

2) Was there a transition meeting where control was transferred and if so, are there minutes?

I have/do rent to two tenants who have had criminal backgrounds.First tenant was in a transition program for an extensive period of time (years); had a job working in maintenance at a local hotel which he faithfully rode his bike to (a distance of a good number of miles) because, of course, he was not allowed a car.  

Ok.....Year one of flips is coming to an end (kinda of...) and it started great and it continues to move in the right direction.....Now comes the really fun part of the business.....Rentals....Just like when we started, we knew nothing about flips and now know enough to be dangerous....Would love to have some input on things we should know, ask, etc as we move into our first rental property....Working on making an offer on our first as we speak and here is what I know so far...Property asking price: 129kType: DuplexAlready have tenants and recently signed new lease agreementWhat are some of the items we should look into or better yet, not miss as we go thru this transition.

In the long term, I would like to eventually transition into owning both SFRs as well as multi-family properties.  

. - residential sales/buyers agent for out of state visitors who may transition into snowbirds and/or 2nd home investment propertiesWe’ve already spoken to attorneys and it seems we have “very good questions”.