Match your local comps or go slightly better.

Also, if something significant is revealed during the inspection, and you want to trade remedying that issue for a vacant first floor, that could be an option, but the issue should be material and not exaggerated, and the seller should have the option to remedy the inspection issue instead of making the trade.Lastly, and somewhat unrelated, you should always require that any security deposits, and interest accrued on such deposits, be passed on to you at closing.

I have a summary page on front with address to mail rent to, our contact information, address of rental unit, lease start date, lease end date, rent due date, rent amount with on-time discount , rent amount without on-time discount and deposit amount. 

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

The 2k is rents and tenant deposits, make sure you get an tenant estoppel so you know who has what and the details of the lease.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

With M2M you can terminate when/if necessary.Make sure you get esstopal letters, copies of their leases and transfer their deposits. 

Though depending on your paperwork and who's holding the deposit, you may have trouble getting your deposit back.If you think this is the route you're going to have to take, then you owe it to the homeowner to let them know ASAP.

@Glenn Brathwaite saw your post and noticed this matched up for you....https://www.biggerpockets.com/forums/574/topics/711859-wholesaling-and-investors-in-new-york-and-connecticut