@Eddie Lozada check out Rent to Retirement.

Check out my profile.  

Check it out but I believe the current required notice of non renewal for a lease 1yr or linger is 60 days.

My company is licensed in 31 states for owner occupied loans (check my profile) and I can lend in 45 states for business purposes loans (nonQM and dscr loans).

They fly you to Idaho and give you a check.

Answer sure.. have to check if there is a due on sale clause or if you have a PG to the orignal seller.. that mortgage stays in your name unless there is a formal assumption  Maybe the example is more challenging for a house as the property.Ex. with vacant land - seller finances to me $20k with 5% down and $1k/moCan I after 1-2 months, then resell the land to a cash buyer for $25k, pay off the original $20k and pocket the $5k?

Second, Don't spend it until the check clears.

''Check out Noah's article and his reasons why he thinks rent offers and concessions are not a good tool for private landlords here 

In fact assuming attached 4 small standard San Diego units, my maintenance/cap ex would be $1200 or almost 12% in your scenario.  

But need to check legality of that.