A fresh channel for each property.

But you can use other lease option strategies, such as the cooperative assignment.As for Wisconsin and lease options, from a legal perspective they are a viable strategy. 

If not, kindly move him out and start fresh with your new building and new rules....

Since you've already just busted this whole thing apart, I'd send her packing and start fresh with a good tenant, get the painting done and get your expectations correct right out of the gate.PS: A 2 year lease is worse for you than the tenant.

I am particularly interested in neighborhoods with strong potential for growth, rental income, and community revitalization.I am open to various possibilities and eager to hear your perspective on these and other up-and-coming areas.

A house doesn't go from 70 to 50 in a few hours unless they open their windows to enjoy some fresh air.

It really puts things in its proper perspective.

We are happy with both the purchases but wanted to get an outside perspective on if this is a good start. 

@Nicole Heasley Beitenman - I appreciate this perspective and the pushback!

I think this is a good start but ultimately from a neighbor's perspective in a residential neighborhood I think an STR next door has to be a net positive and not just neutral.