Being clear about what’s covered in the lease and by local laws can avoid misunderstandings and set their realistic expectations.If you do plan to carry out the cosmetic upgrades (because the property is overdue and of course you want to ensure your tenants are enjoying their home to the best of your abilities), try to schedule the repairs at times that minimize disruption.

I am a new landlord in Los Angeles and I'm curious on any lease templates or lease generators that people may be using.

Let them know you're the new owner, that you will be abiding by the lease terms they currently have, give them your info to be able to make payments, any website/payment portal platform.I would keep it short and sweet.

It will be helpful if you get that lease resigned before approaching the bank.  

Soon after purchase, I started advertising the space for lease and we received overwhelming interest.

3.Additional Fees: Are there other fees I should consider, such as maintenance coordination, lease renewal fees, or vacancy fees?

As an investor-focused agent in the Cleveland market I always have my clients write the following contingencies in when buying a house that's tenant occupied:1) Offer contingent on home inspection- usually a 7-10 day contingency period, this contingency allows you to either A) move forward with the deal B) renegotiate the price if issues are found, or C) walk away from the deal2) Offer contingent on appraisal if you're going financing3) Seller to provide copy of current lease agreement4) Seller to provide a rent roll/tenant ledger with proof of payments received5) Seller to provide copies of 3 previous months of any utilities paid by the landlord6) Seller and tenants to fill out Estoppel Certificate.

All three generate leads from insurance claim residents and traveling professionals (medical and the trades).One of the advantages of FF has been that it's forced us to have systems in place to create leases, accept security deposits without co-mingling and provide "live" customer service. 

I have a chance to acquire a property that includes a mobile home park (100% leased) and a separate multifamily property.

For example, I didn't even think to ask about the "leasing season" in Fayetteville, AR because I'm from Los Angeles--every day is leasing season over there.