Depends on state law and your lease.

If you want to start building equity before you move into it to house hack it at a later point, you might want to consider a turn-key that already has all the leases in place to help with qualifying supplemental income to purchase before moving into it.And later down the road when you are ready to move in, you can pull out the equity in a cash-out refi into an FHA loan and rate.By getting into an FHA after the initial investment N.O.O. loan and interest rate to a Primary Residence FHA  interest rate should be much more favorable.Message me when you are ready to talk.Does that make sense?

I'm out of state and hired a property management firm to lease my home.   

Check your lease, and your conscience.  

Their leases are up but the property manager is being shady.We are putting down 25% on the purchase price of $169,000.   

I am using a lease with option to own plan because i believe thats the best to make the most profits.

I am interested in utilizing my building and parking lot for outdoor advertising space leasing purposes. 

What I use is the following wording in my lease. 

Since it's month-to-month wouldn't it make more sense to just give the 30-day notice that I will not be renewing the lease?

If I was going to invest purely for appreciation speculation it would be on land, which would have no cost except for taxes and could potentially pay its own way simply through selling/leasing timber, farming, or the like.