@Nathan G. how should late fees be handling n regards to the security deposit if the tenant isn’t not acknowledging them ? 

I'd state the terms of the lease and have the tenants acknowledge those terms, I'd also include disclosures, that "tenants provide heat/cooling to the interior of the building from the exterior walls of leased space to the center of the building and to the outer particians of common areas adjacent to their leased space".

If you have any questions or concerns, please text or call me at [phone number].By signing below, you acknowledge that you received this notice and agree to renew at $550.00/month and be responsible for the water bill for Unit A as stated above or you will provide a 30 day move-out notice prior to March 1, 2023.Sincerely,Andrew

As you get into larger multi family properties I feel there is tremendous risk in the market the few acknowledge or understand.The best way to learn what is best for you is to get out in the market and look at lots of properties and lots of neighborhoods, from the bottom to the top.

Maybe you're banned from FHA loans, or maybe banned from buying another HUD foreclosure, every now and then people go to jail for loan fraud....and you sign a document at closing normally that acknowledges that.My thought is if you are telling me today, that there is a good possibility that you won't be there a year, then rent and don't buy anything. 

As you described it, that's the math for owner occupied 2-4 unit properties (note: Fannie Mae does not acknowledge the existence of "owner occupied investment properties" that everyone talks about.

Tenant acknowledges appliances and furnishings are for the convenience of the Tenant only, and not a condition of the Lease Agreement.

When I told him of my concern and wanting to get an acknowledgment from the lender, his response was "good luck" in a condescending tone that just went south with every word.

If you acknowledge that this shortage isn't new, rising rents for 8 years should have produced more housing, the answer is that there is a huge limit on supply and not just available land.

I'm wondering in a worst-case scenario (a tenant burns down the house) and the insurance doesn't acknowledge the new estimated value.