You need a local/state specific lease.2.

You'll learn a lot just from starting out like that with little to no experience at all (cosmetic renovation cost, managing current tenants, leasing out a unit).

I plan to put a $600 utility cap in the lease.

My tenants lease is due to end 2/2/2025, is it 30 day notice or 60 day notice of non renewal in CA?

They could also sell the property to you and lease it back, allowing them to remain in the home while accessing liquidity.

If it has any basis at all (such as you left the apartment during your lease term for what you felt was a justifiable reason and stopped paying rent, but the landlord disagreed) then you may be better off paying a rather small settlement.  

Start by deepening your understanding of CRE fundamentals, including net operating income (NOI), cap rates, and lease structures like triple net (NNN).

This tenant has a lease expiring 2/15/25.

You also want every adult to be named on the lease and sign it.

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.