You'll invoice the tenants on whatever strategy you set up in their leases.

That said most folks have price targets and if large complexes are conceding 1 or 2 months on the 1st year lease, itll put downward pressure on your rent to some degree. 

With this route you can purchase a turn key property and expect to lease the property immediately or purchase an existing rental from an investor that doesn't require rehab and has strong numbers. 

The other is unrelated and we suspect is tied to the tenant (who was with us for 3 years) that did not renew their lease and moved (we cannot prove this).Again, many thanks!  

Are the units bought or leased?

The risk of "piercing the veil" applies more to LLCs when personal and business finances are not properly separated, not necessarily to individual landlords renting a portion of their home.A more practical approach is ensuring you have a solid lease agreement, sufficient liability insurance (including an umbrella policy), and properly reporting rental income and deductions on your tax return (Schedule E).

You need a local/state specific lease.2.

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

To me, $145 is meaningless for a good tenant that has been there 18 months and has 6 more months on the lease.

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