Mike, My recommendation would be during due diligence for a potential purchase, ask for past 12 months of all utility bills, property taxes, and any other municipal requirements like rental permits, occupancy inspections etc. 

I would also be curious to see what the market rents in the area are to see what the potential upside is. 

Because you sign a lease with a poorly written clause, you still have to abide by it, and trying to get out of a legal lease will cost you at least your deposit...if not potentially more. 

@Tom EvansCongrats on the potential STR in AZ.As for a shared well agreement, they can be tricky (even when it does not involve STR usage).

@Brandon Ortiz: each strategy has its own risks and potential rewards.Owning rentals, you have the constant maintenance and tenant risk associated with owning property.  

If you are using an FHA you should be able to use 70% of the potential rent from the other units in the building to count towards your income.

It is a lot of work and I understand you want to "pour some gas on the fire" but likely you will just be setting cash on fire.Hey Andrew, I just spoke with Vintory yesterday about a potential inventory growth program.

Give them a portion of the profits from the STRs and have a buy-out clause when you have the funds to refinance.I am sure there are many other potential options for you to look into, but just off the top of my head these 5 came to mind.

Assessing how critical this location is to their expansion plans is essential.The Investment Considerations Lease Expiry: With five years left on the lease, your strategy should account for potential vacancy risk.

Tulsa, Oklahoma is a city on the rise, and the real estate market here is full of potential.