It's affordable and helps prevent erosion while providing a cleaner look compared to mud.3.

Are the leases even valid, if they are not signed by you or your property manager? 

This 4-bedroom, 1.5-bath brick bungalow is currently tenanted with a long-term tenant of 5+ years, generating $900 per month on a month-to-month lease.

Open a cc with a good point/interest rate/perks dedicated to the LLC, it will make it so much cleaner for taxes and you will receive points rather than using debit card with no add value.

I've been using various lease option strategies for 30 years. 

Lease fee? 

Question: what is the $2k for re-leasing costs?

Sometimes condos have stipulations in their deed restrictions that go against doing short term leasing, so I would definitely get your agent or do the research yourself to ensure this isn’t the case at the building you’re looking at.

Setting clear expectations upfront with a detailed lease agreement is a must.Consider Property Management: If managing the property starts feeling overwhelming, consider hiring a property management company, even if just for the rented units.

What is the best way of smoothing the transition and aigning a new lease with increased deposits and rents?