The low initial investment and high resale value made it an attractive opportunity.

Context:*For my business - I had initially setup a profit-first system w/ multiple bank accounts at my local credit union*For the properties under management -  I setup two trust accounts (rents and deposits) with Chase. 

The low initial investment and high resale value made it an attractive opportunity.

I'm not clear on the question here, but if the buyer wants to continue to rent and the seller agrees, he would stay month-to-month and the rent would go back to market rent or whatever was in the lease at the time of the initial contract.

And I like the idea of bigger scale developments, and am going to educate myself here.Maybe a better initial question would have been something like this: Many/most cities/towns in Oregon now (by law) allow you to build three doors on any SFR lot (duplex, plus ADU). 

The low initial investment and high resale value made it an attractive opportunity.

Initially, we listed at 230k.

Going to $22k in repairs could happen after an initial estimate (which sucks) but can be expected - so that's not a major issue. 

We had various issues with kwikset halo including too quick battery drain and keyboard issues (not all the numbers being initially displayed)   We swapped all out STR kwikset halo to Kabo locks.  

You lease it for whatever you advertised it for on the initial term and jack it up to the maximum a year for now when they renew.