Give them a 60-day notice, then charge them a prorated rent for the additional 20-day extension.

First thing I'd do is check comps to get an idea of the demand and rates you can charge for your condo as a MTR.

They're better at collecting rent and charging late fees than most owners ever are. 

For example I don’t know of any say plumber that charges $120 an hour but brings two guys and charges $240.  

.: I was told by my PM at a recent move out it was now considered normal wear and tear and you couldn’t charge for it. 

But having a backup or two isn’t a bad idea, especially if deals start flowing faster than one person can handle.Good luck finding the right team!

then theirs charges 1000s in extra fees. 

When doing BRRRRs you may have to leave some money in your deal but you’ll still be able to scale a lot faster than the typical buy & hold strategy.

Starting with a small multifamily property is a fantastic idea—it gives you a chance to live in one unit while renting out the others, which can help offset your mortgage and build equity faster.

Some costs are eliminated (such as 'soft charges') while others are accounted for in the interest rate.