It will be tough to renovate with a tenant there and you might be inheriting a bad tenant that you never personally screened.

Security deposit plus move-in fees cannot exceed the amount of the first full month’s rentNon-refundable move-in fees are limited to only tenant screening reports, criminal background checks, credit reports, and cleaning fees.Total non-refundable move-in fees are limited to 10% of the first full month’s rentPayment Plans Required –Landlords must allow an installment plan to pay a security deposit, a pet deposit, move-in fees, and last month’s rent.

also, how many properties are yall screening to achieve those numbers and whats your monthly marketing budget just for DM?

In the lease agreement it's states: LEASE RENEWAL:At the end of this Lease Agreement, Tenant shall have the option to renew the Lease for an additional term that is equal to the initial term of this lease (Term of Lease Agreement) pursuant to the terms and conditions contained herein.If Tenant or Landlord does not wish to renew the Lease, written notice must be given to the other party at least 30 before the end of the term (Term of Lease Agreement) to terminate the Lease (including any exercised renewal or extension thereof).My question is. because I want the tenants to sign my updated month to month lease with a few changes like: screening,required rental insurance and have will have to pay for garage access.

Make sure your security deposit is max allowed and screen well if you take on a tenant.PS - What are your lessons learned for flipping a home faster?

I just graduated from Colorado State University and am self employed as the owner of a screen printing company and personal trainer.

No idea is AZ operates in a similar manner but you may want to find out before you move that 60" flat screen from their old living room to yours....

I've looked at a few places in Troy and quickly learned that the first thing I need to do in screening is check the flood maps.

They can still break the lease and you have higher liquidated damages.Make sure you screen the mom and sister and have all 3 listed as jointly and severally liable for the house and any damages.

A lot of it can only be learned along the way (much of which we learned on the buying side) and is nuanced based on the seller a bit, but having a screening process in place is key.