A lease gives the tenant possession of the property for the term so long as they abide by it's terms, if they tell a good enough story and they have a right of possession the judge is way more likely to give them extra time than if they are hold-overs (They still have to pay though).

You'll need to do your homework as to what are the vacant rentals asking for rent, and what are the filled units receiving in rent.It's all about the deal--if you get a good enough price and terms to offer a better product at a slightly lower price (rent) you'll be fine.Good luck.PS:  Do the homework--it will answer many of your questions and calm the first-deal jitters.

It's not good enough to say you didn't cough before you moved in.  

Now, I am no slumlord - I take great care of my properties and fix them up to look good enough to resale well (this particular property has a brand new kitchen).

As long as there is a "writing" of your agreement, that's good enough, and if you have emails that prove you're in agreement, that's in "writing."

The attack on his credit is good enough for me and hey if one day in the future I actually get a chunk of my money back then awesome

Fresno & Sacramento average houses are $300-400k so with 1 wage earner in a house hold of $150k that would be very doable plus the life style would be quite good. Enough

The cash-flow is not good enough for an 8% fee property manager, though I'm considering taking the hit for the greater business goals.

The reason they ended up smoking and damaging your rental is that you do not do a good enough job screening. 

It seems a lot of the ire comes from owners who feel PMs are not doing a good enough, cheap enough, fast enough job.