IF the lease doesn't include language for automatic renewal, then it would default to being automatically terminated if neither party takes action. 

An M2M lease still provides both parties an agreement and protection. 

It also makes it challenging when purchasing a property from an estate or other party that hasn't really managed the property well (didn't spend a lot of time screening the current tenants).

Best part I live in FL, Good luck  

Obviously late to the party here but wondering how is the area near the Watsessing Station (NJ Transit) across the tracks from Parkway Lofts?

For instance in Arkansas and in a lot of states, if you make a claim as a third party on behalf of a "client" ie the owner of the surplus, the state may limit you to a finders fee of only 10%.

I am trying to get my str accounting streamlined and they seem to have a robust platform but my experience with 3rd-party remote accounting firms was shaky in the past.

That part I know how to do without issue.

With police reports and tickets from police you have evidence from disinterested 3rd party as to the lease violation as opposed to a complaint from a neighbor that nobody can verify.

You'll need to negotiate terms that work for both parties, including the purchase price, interest rate, and repayment schedule.