Also, most leases automatically convert to a month-to-month agreement if the tenant doesn't move out at the end of the term of the lease.

In some areas, properties are automatically reassessed at the new purchase price and/or the recent transfer allows the assessor to reassess.

If you are willing to pay via automatic monthly debit from a checking account, you might get a lower interest rate on your HELOC - so ask.

Also, the due on sale clause says they MAY call the loan due, I haven't seen one that specifically prohibits transfer of title or says the loan is automatically due.

If you see this and they haven't moved, then you know you have a problem with a tenant but at least pipes aren't bursting.If you as landlord have the automatic transfer, the utilities go into your name if the tenant calls to shut them off.

My contract has a clause that adjusts the price the automatically.

My only point is that the people I went with (seems that is censored by the website...can't say I am a fan of BP censoring things automatically...but I digress) never said that it would be overnight or not take any work.

My automatic defense mechanism kicked in and I immediately said not interested.

I'll disagree with the previous answer: to me, this is not an automatic "pass".

We get an email to accept their payments and they go into our account automatically.