Also, when listing on Zillow, which category do you use on the "Lease Duration" drop-down?

I have a couple of HELOCs and both have a 15 year interest only draw period, followed by a 15 year pay down period that fully amortized the outstanding balance over the 15 year payment period, so@Jon Holdman 's durations might not be what you get - but that could certainly be what you get.

I usually have tenants that I inherit sign at the same rent rate with the same lease duration.  

Be aware that unauthorized occupants can become tenants, whether you like it or not, if they stay a certain duration or meet certain criteria for establishing tenancy.If I were you, I would immediately serve legal notice to enter the rental unit.

It is insanely profitable: 1) I find and place a vacant single tenant commercial property under contract with a 45 day due diligence (to inspect the property with no obligation to purchase it) I need only $5,000 for Earnest Money Deposit that's refundable 2) I contact a list I created of 4000 national tenants (I follow a very specific system) and get one of them committed to lease the space for 10 or 15 years with a NNN lease (NNN means: Tenant pays the lease plus taxes, insurance and maintenance) and a corporate guarantee (lease is guaranteed for the duration and backed by their financing bank like Wells Fargo) and I would offer them some money to offset some of their TI (Tenant Improvement for the location) I can offer up to $100,000 to sweeten the deal and get an LOI to lease from the National Tenant 3) I take the cash I have (in your example $1,000,000) and buy the property all cash (say for example $900,000 and $100,000 additional will be going toward the rehabilitation of the commercial space for the tenant as agreed) 4) After I close on the property and the Tenant signs the 10 or 15 year lease I go to the bank and get the property appraised It usually appraises at 1.5X what I purchased it for when it was vacant.

Not sure which state you're in, in IL we have "professional tenants" who pay the first/last month's rent plus whatever deposit and then live rent free in our properties for the duration of the eviction process (18 to 36 months or more).

Always use the postal service or email if possible - and get this information from them at lease signing.I would apologize for the miscommunication, and explain that you were simply trying to tell him you would be willing to let him out of his lease early so he could find a place where he feels his family will be more comfortable, but that he is welcome to stay for the duration of his lease.If he chooses not to leave, then you should make sure you know your state's landlord tenant laws and give him plenty of notice of non-renewal of lease.

I've very new to real estate.  Watching all these programs on television about buying/selling/rehab/etc, i've always wondered....  approximately how long does it take from the time an offer is accepted to closing and ...

I am confident that San Diego’s cash flow exceeds the zero appreciation Midwest markets over moderately long hold durations.

Thank you, Rudy@Ronald Isgate  and @Andrew Hogan thank you for your comments as well.Single Tenant Net LeaseWhen you own the building who McDonalds, Starbucks, Walmart etc.. operate in and they sign long term leases..Checks in your account every month and the tenant pays all expenses (insurance, taxes, maintenance)  when its absolute NNN they also are responsible for the buildings structure, roof and roof membrane   so basically you are hands off for the duration of the lease..