@Cody AndersonSetup a good contract with all the possibilities if someone wants to leave the venture.

Here's an overview of the periods they should consider:Monthly Leases - 15 days of notice.Leases That Last a Year or Less - 15 days of notice.Leases Without a Specified Period - 15 days of notice.Leases That Last Over a Year - 30 days of notice.If you've met the requirement of giving notice, then you can legally require them to leave by a specific date/time and change the locks the second they are out.

That leaves millions of middle-income Americans with little choice but to keep renting, helping to keep overall rents high.Some cities and states are enacting new laws to aid tenants facing eviction.

Let's leave the real estate taxes to real estate tax professionals.

@Ricardo Polanco barely qualifies as a lease:(This "lease" leaves you open for a lot of abuse and we don't suggest trying to terminate it on your own - or you may get an EXPENSIVE lesson from a judge!

I can easily come up with the remainder needed to finish off the mortgage, however, that leaves me in a bit of an undesirable spot.

Pretty much only one season in FL :DIf I had a seasonal listing like John mentioned ^ I would likely leave a few of each season for the property up year round

If one resident relapses or brings drugs into the house, the residents resolve the situation themselves, usually by requiring the offending resident to leave for 2 weeks before reapplying for residency.

When a tenant leaves owing $2,000 in damages, reporting them to a credit reporting agency may pressure them into paying you to protect their credit.

When you’re ready for the next one simply use another conventional to either refi and get the FHA back or leave the FHA in place and do another conventional on the next property.