The “borrower” would have an option to buy back the property if (1) all lease payments (“mortgage payments”) have been made and the borrower/seller pays is the sale price/loan amount in full at the time the option period/note matures.  

If there is no lease on the property, but the local rental market is very strong, the lender may still consider the prospective rental income for offset purposes.

This highlights why it is also important to manage lease-end dates. 

I always just explain nicely that it’s my company policy to deliver the required notice and collect the late fee as per the lease every time rent is late, no matter what, sorry no exceptions for anyone as I treat everyone equally and adhere to the lease agreement that we both signed.

We actually get a ton of inquiries for our rentals from people living there because they'd had enough after four months of their twelve month lease.

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.

Congrats - have you completed the deal yet (4 leases in place, STRS up and running)? 

We’re looking to renew lease until June 2026 would like to move in new house.

Live in one side and renovate that side, then after the lease for the other unit is up move into that one and renovate it.

Consider lease optioning the “now keeper” and walking the created debt forward if you lease option buyer can cash you out.