Your response to me indicates a high level of sensitivity suggesting a explanation for your decision contrary to your past experience.

@Ronald Mentzer  great explanation! 

With my work ethic and personal wit, after all said and done, without to much explanation here, I think I could do amazing in this field and I love the grand picture of the profession.

The link above provides a simplified explanation with examples which I found to be very helpful. 

Thank you Guys for the explanations, I appreciate it.

Thanks to the both of you for looking into this and providing your explanations. 

There are numerous investors who thrive in that market, but it definitely has been hard to buy out the tenants in Boyle Heights because of this backlash from the original pre-gentrified residents.

The other tenant has been there years and will be evicted for numerous reasons that the previous owner did not care to address.I plan to fix up the property over the next few months and renew the existing tenant to a higher, 1-year lease and then search for a new tenant at market rate.Feeling a bit overwhelmed, I'd like some advice on where to start with a new thorough lease and forms to use since I want to secure a new lease with the existing tenant and will need to screen for a new tenant once I evict and renovate the other unit.I am considering to join the California Apart.

Jeff -That was really good explanation.

Thank you mike Flora for the explanation.