I can buy recently built homes (min cap ex), in affluent areas (80k+ median income), with highly rated schools (key ingredient for appreciation), in the path of progress (directly between Austin and San Antonio along I35), and cash flow positive from day 1 due to a favorable price-to-rent ratio. 

@Tatiana Conta The simplest answer is that some are and some aren't.

One key ingredient to a successful rental property is the management of it! 

In simplest terms, stuff takes little more than focused effort. 

That's the simplest and easiest way to go about it to me.I sent you a link to connect.

In the simplest terms for maximizing cash flow you want to build the max number of units with the max number of bedrooms for each unit.

Hi @Steve Penney, the short answer is you CAN do anything that you and the tenant mutually agree to.However, the simplest and most straightforward way to affect the change needed upon purchase would be to have an addendum changing the Landlord and/or Manager's name in the existing lease agreement to the newly relevant name. 

The simplest solution is to call the management company and ask.

In any case, I think it's likely simplest to request that the seller provide the disclosure statement within 3 or 4 days of mutual acceptance.That way you don't have to get into any language discussing the inspection time frame, which makes it more complicated and also makes it harder for you to schedule an inspection.

These are some of the ingredients you need, to move forward.I would suggest you join a local REIA club in your area.