Also, consider the potential for appreciation and rental restrictions, as some HOAs have rules that might limit leasing later on.Given your $20k starting point, a condo could work well as your first step into real estate, especially if you focus on one with a manageable HOA fee and potential for appreciation.

i am not lawyer no legal advice but if he has overstayed it makes it easier, he is not under lease as if lease end date.

If the lease is ending be sure you have given the proper notice of non-renewal of the lease.

Think about the best case scenario of leasing your property!

And if that doesn't work, we start quoting the lease in a factual, bullet point kind of way with no drama or finger pointing and always ask them to stop in to talk about it.   

Do you have a strong lease that you understand and can enforce?

This is the breakdown:2 tenants on month to month leases ~$250-$350 less than market1 long term tenant (15yrs) is now on month to month lease and is paying $1500 less than marketAfter consulting with a couple of people and doing some research, it sounds like anything over a I should apply banking rent raise and submit a 60 day notice (all of these units fall into that category).

When we purchased the property we inherited the tenants that were leasing out the garage conversion.

Quote from @Yemisi Dinkins: As a property owner, I would never sign a Master Lease because I would give up control of the property so someone else could profit from it.

Also I am trying to hold onto it for the next 10 yrs at lease so if the 54321 offers me the lowest rate I would lean towards it.