LTR or Mid-Term RentalIf STR doesn’t work out, consider mid-term rentals targeting professionals, which could offer higher rents and more stability than long-term leases.3.

I use the work tenant is quotations, because the lease was not signed with an individual, but rather a LLC for a property management company who subleased the home on AirBnb. 

Reliable Cleaners will make or break your success with short-term rentals, so that is a must.

Do I need to draft a new lease with the tenant, or can I continue with the existing one?

After/during the transaction, I give them my contacts that they may need such as a cleaner, contractor, property management, etc. 

Scrub their PM agreement, lease agreement, etc.

Looking for new lease templates.

He says it's in good condition, could use AC and a heater, maybe some new siding but otherwise in good condition.He has a renter there paying $1600 month to month who wants to stay but has no long term lease. 

Unfortunately for them, I have sold my house and we are currently trying to locate another 4 bedroom or more home for them to lease.

One option: You could seller finance your house to someone or lease option.