To do so, I'm wondering if it's "okay" to just call up the tenant and talk about how their business is going and any indication they might be willing to give me if they are likely to renew.

Thus the increased requirements, which are still in some ways fairly minimal...five sales a year.   

@Jessica Long you haven't indicated the scope but it looks like you are not living in the unit but you were. 

If there is any indication that the sub floor has been exposed treat that with the Anti Icky Poo.

In that view, I can quickly see what properties are cheap, and what properties are expensive per square foot - which, to me, is a powerful indicator of how much profit potential each property has in it.  

Experience with many clients indicates a certain amount of ambition and hustle.

But in general if you inherit tenants in Oakland and all you have is an Estoppel to go off and no indication that the tenant is on a month to month, do I have the opportunity to create a new lease from scratch?

I am trying to figure out the best minimal risk strategy for my next rental investment.Pls see below.

I'm not sure if it's a good indicator of what's to expect in the future though.

As a matter of fact, if they do come down low, it might be indicative of an issue.Make sure you have your contingencies in order in case they do accept.What does your realtor say?