I decided to lease it instead and ended up hitting a home run with a 3 year lease.

Ideally it would be a live-in flip since I am currently renting for another 10 months and I can do most of the work myself...I am analyzing deals so when the time comes I can have something lined up to move into when my lease ends.

@Mendel Robbins yes both tenants are staying for at least the remainder of the lease.

And, try it at one property to A/B test the rents you can get and time to fill those units between lease-ups.I'm mainly in the 2-4 unit space, and Spokane has lots of 100-yr old houses that were split into apartments during the two world wars.

I'm actually thinking about Wholesale Lease Option because i would like a fee out of this but i m not sure how to go about this, i never dealt with a Liquidate before.

Something I can put into the lease terms? 

All four units are rented out with leases on 3 and the 4th is month to month.

Large house = $1,500/mo ($900 for 3 bed, $600 for 2 bed)Small house = $1,100/mo ($550 for each unit)I see a huge opportunity here to buy these houses this fall/winter and let the current leases expire and then rehab them next spring/summer just in time to rent to nurses/young professionals working at the hospital.

I am late to the party, but get a realtor, have them walk you thru the steps for buying your first property.A great investor minded realtor can help you find properties, help you put value on them, can do the leasing, and will have recommendations for things such as vendors, title companies, inspectors etc.

Can I create a new lease with the new tenant while current lease is still valid ?