Shorter-term lease options, including month-to-month, are available, and will be charged additional monthly rent (up to 125% of long-term rental rate) and/or a non-refundable convenience fee of $300.Please review the lease agreement prior to applyingSmoking Policy: Our rentals are strictly non-smokingTenant’s guests who smoke should only smoke outdoors, at least 25 feet from any door or window and not on the propertyTenants will be fully responsible for damage caused by them or their guests during their tenancyPet Policy: If pets are allowed, pet deposit may equal up to 100% of security depositPet rent of $30 per pet (up to a maximum of $90 a month) may be appliedMaximum 3 petsBreeds not allowed by insurance include, but are not limited to: Animals with a previous bite history or vicious propensities, Dobermans, Chows, Rottweilers, Akitas, American Staffordshire Terriers (Pit Bulls), attack dogs and Wolf Hybrids, (or any mix thereof) Ostriches, Emus, Horses, Farm or Ranch animals, or any type of wild exotic animals or pets.

@Raul Quezada you've got some good responses above but you can probably see that answers could swing WILDLY. 

There are definitely quite a few leased systems out there in the wild in certain areas though, like NJ apparently.

Immediately calling the water utility, I found that they had shut off the water to the house, because the meter was turning wildly. 

Wild.

If they are not going to get paid until closing they want to spend zero time on a wild goose chase.The point takers and upfront fee guys that do hand offs will usually work on anything to see what sticks.

College students are wild.

Using Traditional LLCs would get wildly expensive and complicated and you could accomplish the same thing with a Series LLC while saving money in the long run and simplifying the process.1) no, not for the structure you are discussing.

I think that certain markets are wildly overvalued.  

Honestly @Dylan Henke this stuff works anyplace if you figure out the code, I know for a fact you can do it in your own backyard if you study the market, and figure out how you have to do deals, I have flipped in Bigger towns like Sheboygan, Fondy, as well as West Bend, I have done small towns too, I did one in Ripon, Beechwood, and Wild Rose,  some of the places I have flipped are depressed, and some are hotter, you just need to know you have a great deal and do your flip for the best ROI, not the I want flashy Quartz Countertops, and High end tile, when the return will be the same with laminate and sheet vinyl, doing far away flips is a pain, I have done several over an hour away, NOT FUN all the dashboard time. study your area and dont get too excited that you buy a bad deal to have one going, I've done that too.