If you do secure the property they can probably come up and give you recommendations on what to do with a property, terms and duration for a lease agreement, etc.  

A lot of people have lost their homes either permanently or for a very long duration. 

Due to work-related-travel, we call several places home throughout the duration of the year. 

This usually means the tenants store the existing appliances in the basement or garage for the duration of their tenancy. 

Depending on the duration of your tenant, you can calculate the amount of extra money needed to set aside for this expense.

It servers that purpose as we have never had a tenant get charged more than 1 time for lockout in the total duration of their rental and we have some long term tenants (we had one move out last year that we inherited that had total time in unit of 28 years - that is our record but we currently have two that are over 20 years).$150 for lockout is a fair rate for dropping things to let the tenant in. 

This will yield you between 15-30% returns over a short duration of time (3-10 months).

Duration is usually 2-5 years.

@Ryan SpearmanThis is all about Math.It is PROVABLE that if you buy a Rental Property for $105k, pay $5k in closing costs, get a Mortgage for $100k at 6% fixed rate for 180 months (15 years) paying $844 per month in Debt Service, break even in cash flow for the entire duration of time, sell for exactly the $105k you bought it for and pay a Seller's Closing Cost of $5k, you will still do GREAT!

Duration for 12 months, or whatever is common in your market, and at the new monthly rate.