Friendship and business don’t always mix well, so it’s critical to use a solid lease and treat this as a business arrangement.

Most institutional DSCR lenders prefer one lease per property/unit, however, I've seen programs allowing rent by room strategies.

Them physically moving out doesn't end the lease.

I am planning on not resigning my lease and starting of my RE venture. 

I always just explain nicely that it’s my company policy to deliver the required notice and collect the late fee as per the lease every time rent is late, no matter what, sorry no exceptions for anyone as I treat everyone equally and adhere to the lease agreement that we both signed.

What about closing costs, rent ready costs, lease-up costs?

The work around was a Mexican bank was the owner and lease it to the foreigner.

The same also applies when considering a lease renewal or temination. 

I was in a leased building, counting on a hand-shake deal to buy the property in the future.

Druggies without a lease.....?