Thank you so much for all the input.Yes I was extremely confused on this one because tenants are great tenants and Seller does not want to leave them in a bind and I think that is very nice of the seller.Tenants have been pleasant thus far and appear to take great pride in their unit.When you walk in, it appears as if you are walking into a catalog, they pay on time, have stable jobs and overall no complaints.One less vacancy at purchase would be great so thus being willing to make this work for all, without being tied to a lease agreement that I do not support fully as it is simply too vague for my comfort.I do however remain very conscious of the fact that I do not yet own the property so any such requests would really be overstepping my rights, if any at this time.Seller contacted us for input and thus the initially displayed approach, but I really do like and appreciate the comments here.I like too, that they in part support my decision to provide the lease ahead of time for review.So now I know that, I just cannot ask them to sign it, but have to wait.Thank you all.Follow-up Questions: According to Colorado Law, the lease will revert to a month to month once expired so @Deanna McCormick, can I then use January as the 30-day notice period or would I need to make that January and February?

Current Income - if you have a job, but are a college student, they will want to see stable income. 

Account Closed I am a big rural fan, and fortunately it doesn't seem to matter what state you're looking at, rural real estate markets will always be pretty affordable and stable.

But if you are buying and holding more properties (or using the money for more long term items) then having a stable, forecastable interest rate is more important. 

Instead of purchasing a beat up property and having a turn key company manage the rehab (some offer properties already "done up") you can purchase a property that is already stable and looking for a new owner.

I think our big run has occurred and we are in for stable pricing for a while now.. although I get reports from our title companies and its still a strong sellers market.. but I am not seeing over bids like we got last year.. and on my new construction were we sold last year in one developemtn 18 homes in 6 weeks we are at 2 a month right now.. which is just fine.. we sell out in 12 months.. but our prices are 75k per home higher than they were last year.. and our cost are up 20k so net gain of about 50k in bottom line profit on this particular subdivision..

The goal is to pay off the house ASAP so we can have a stable income when my wife and I retire in the next 15-20 yearsLet me know your thoughts or questions by leaving a comment.Here’s a short video I made on the renovation process:

Based on what I know about you and your situation (almost nothing) I would recommend you get a job and ensure you are financially stable before pursuing investments.

If you are finding 2% deals in stable locations, you should buy every unit you can put your hands on.You can refinance instead of selling. 

I'm sure most of them started with the same idea as you: work part-time until they are more financially stable and then jump in full-time.