a tenant can't switch to month-to-month mid-lease.5) Utilities 6) name all occupants7) prohibitions, some are trampolines, grills, swimming pools, swings, play structures, weights, gym equipment8) smoking rules9) quiet enjoyment10) fines and penalties11) alterations/repairs12) acceptance of premises condition13) care cleaning and maintenance instructions.  

This makes it far more difficult for anyone to alter the lease, or claim they thought the seven was a one, etc. 

I have been looking at the rentometer website; however, it does not offer information on if the unit is fully furnished or not, or if the landlord or tenant are paying the utilities (I feel like these variables would dramatically alter how much is charged for rent).

In the same time, 10k net income after expenses at @10% cap rate, will translate in 100K purchase price.Look at the price the Realtor gives you, and at the 100K price, and whatever it's the lowest price go for it. 

As long as there are no emergencies, communicating in writing can be primarily done through Google translate with review from a Spanish speaking friend who is willing to help.  

@Amber Hooks lots of good information here and I'll try to translate some of this as best I can.There are some experts who say that you can get the same protection as an LLC provides with a good insurance policy.  

It is a month to month lease that I have not altered because I am planning on everntually asking them to leave so I can renovate their side of the home and raise the rents.  

That will of course translate into more taxes.

This translates into $5600 on a 160k home. 

This targeting translates to people over the age of 50 who are close to paying down their mortgage and holding equity in their property.