The property is currently tenant occupied on a month to month lease at $1150 per month. 

You are telling the tenant in advance that they can break their lease at any time and get paid to do it.

Personally, I wouldn't offer SubTo or a Wrap, For reasons I've written about fairly extensively. https://www.biggerpockets.com/forums/70/topics/1227199-the-m...However, I would sell on "Lease Option" and that may work for you.

Essentially, your new replacement property will consist of (1) a thirty plus year ground lease on the real property you already own; and (2) new capital improvements made on the real property you already own pursuant to the new thirty plus year ground lease.

I typically do most small jobs myself or find random handymen who do a decent/poor job.All leasing/property management is done by me today and I think it will remain that way in the future, even from afar.

Triple net lease property at the end of the lease periodwhat do you think? 

Out of all of those real estate strategies, for me, the best strategy has been single-family homes that I sell on lease options.

He browsed through the lease and recommended to use the 60 day notice clause in the lease to send a lease termination notice.

It seems some do more bookkeeping/banking, and some are better for leases etc.

:)As for LTR rental terms, usually we sign a 1 year lease where tenants are expected to pay Electric and Gas if applicable, while the owner typically pays water/sewer/trash with the city.