That's why I always allow 30 days of downtime for fixes and repainting and relisting.

@Sri L.I can’t answer all of your questions but I am able to answer some.Because you’re changing use of property, with a lot of down time for remodel and lease up, your ability to attract institutional financing will be dependent on your personal financial strength and tract record.

Most are going to work with us.My personal home mortgage provider is offering a deferral which I will take to improve my cash position to whether the down time easier.Mike

Real world color: we have a duplex in a great neighborhood and generally have no downtime when a tenant moves out. 

The “salesman” is only trying to shove his “best price” down Tim’s throat when, at this stage, Tim is going to buy… but he wants to test drive a few versions first… Tim gets annoyed with the salesman, leaves and goes to the next dealership.

That also means you should be over the 'fun' of college so that you can balance your down time with your school work.

So you would have to wait and have a little down time anyway.Technically if he gave you the notice today, you could charge tenant for 30 days from that date. 

I ended up with a highly qualified applicant who started on May 1, so no downtime between tenants.

You do see some new small MF going up in some of these areas, but I really never have gotten a good idea of what is really going in where.So I had a bit of downtime to play around, so I fired up Redfin and just played with some parameters. 

If I rent it out in March with a 12 month lease, when the lease is up and if the tenant leaves, there's going to be some down time to get the house back in rent ready condition, so it will naturally slowly creep up to September and then start something else like a 7 month lease to get it back to March.