Violation will result in immediate termination of the lease." 

Make sure to account for it while running your numbers.Keep the strategy long term in expensive market.

Three licensed tax professionals how now You said "in service", not "Placed-in-service".I guess the issue is that you were meaning to use the term "in-service", and I was reading "simple English"If we go by Oxford, service is always active -- i.e. the action of helping or doing work for someone.So, without the use of terms, it would mean what I thought. 

You need to be careful about how you word the pre-termination notice.

Our contract states a two-month notice for termination but doesn't mention any costs.

For whatever reason, these remotes seem to always end up with a broken battery cover.  

Terms of your contract will control Typically, the agreement with be either a specified term or month-to-month, and should have a termination clause.

People getting wise to wholesalers that will only close IF they can sell property for more than contract price, and use option period or weasel clause to terminate.  

Tenant therefore agrees (a) torefrain from any behavior which is loud, obstructive, rude, offensive, boisterous, or disorderly; Any violation of this paragraph may, in Landlord’s sole discretion, be cause for termination of the Lease and or Tenant’s tenancy."

After purchase, you can raise the rent on the current tenant or terminate their lease and find a new renter.