My leases say Tenant is responsible for pest control if not reported within 10 days of move-in.

If you do section 8 you also have to be aware that your notice requirements for renewal and also for lease termination are longer than the standard lease.

Purchase price: $595,000 Cash invested: $125,000 Purchased with the intent to lease to the tenant.

They can handle time-consuming tasks like lease renewals, tenant correspondence, and basic admin work.

Maintaining that relationship beyond just the lease up process and whenever the tenant has a maintenance issue or lease expiration completely changes the dynamic of the relationship.

My objective is to buy about an acre of land, that is already leveled, access is being done, and utilities are going to be 5 feet from the property; and then build 3-4 shell retail spots on my plot, owner occupy one of them with a business and lease out the others.I am meeting with a developer this weekend, but have some wrong numbers regarding the average cost of building a shell space. 

What you want to discourage is the tenant 'helping' you with feedback/action that is outside the scope of the lease.  

.), easily get cold feet, battle financing issues or sometimes just ghost you at closing.Selling a home to a tenant is probably the better path (lease option), but you really have to work with them every month and coach them to get them ready to buy the home, otherwise, 70% will not execute. 

Why do this instead of separate leases?

When my tenants sign a lease, 99% of the time they have not only seem pics but been through the unit (usually twice).