Am generally not a fan of inheriting tenants and if I do, I prefer that my lease be implemented, but clearl y that is not always realistic.Thank you though for this suggestion and I am going to try to see if working it from your suggested angle will work here in Colorado.In the end, I want to set up a lease that does not have holes, that an attorney, God forbid we ever have to evict (though these tenants do not seem like the type to cause any issues and I generally am a good landlord and stay away as long as you are following policy, so thus having a detailed lease that covers most all and then just backing off.My inspections are generally once a year, outside of the move-in, move out.I also stay very engaged in the running of my property, thus self-managing as in the end, I strive to provide a place I would enjoy living and I actually live on one of my properties.Long story short, don’t care for the very vague lease that the current property management company has running.Additionally I have little confidence in the way they were managing the property.The property has so much potential but has clear signs of neglect and I intend to change that as I never simply abandon my properties.On the question of current lease, I have combed through it repeatedly and do not see any mention of what happens at lease expiration only what happens when tenants are seeking to terminate their lease, “30-day written notice required”.No stipulation on what is required of landlord at end of lease and/or automatic renewal, both items that I cover in my lease and another reason, why am not a big fan of the existing lease.Leaves out a lot.I prefer having systems in place where there is little chance of misunderstanding, so thus the nerves on this one, but I will get through, thanks to you all for all your great advice!

All it took was asking and I still talk with the seller frequently, he’s a great guy and wants to help younger guys like me.

Account Closed I am a big rural fan, and fortunately it doesn't seem to matter what state you're looking at, rural real estate markets will always be pretty affordable and stable.

@Samantha KleinI did this last year with Ceiling fans, lights, and bathroom vanities (bought 6) and appliances used everyone of them...Last vanity going in next month.. 

However, important question for you--Are you a Vikings fan? 

The idea of renting it out, I am not a fan of simply because you will not be able to cover the whole mortgage with the rent.

If you are still adamant on reaching out to a CPA; you can do the following1) take the suggestions posted in this thread2) Attend a local REIA event and network with the professionals in the event and ask who they use for a CPA.3) create a keyword alert for "Los angeles" and "California" and see who frequently post on threads with these keywords. you will notice some of the same posters. network with these individuals and ask who they use for a CPA.4) if you are still unable to connect with a CPA locally - feel free to find a CPA who works with clients remotely.

I've always been a big fan of Tim Ferriss.

I owe $492,000 to my mortgager and an additional $65,000 for my renovation loan, which I used to replace the electric, HVAC, windows, solar system, lights, and fans.

I'm a big fan of just buying and holding forever since RE transactions costs take out a good chunk.What are you renting the place for?