Am generally not a fan of inheriting tenants and if I do, I prefer that my lease be implemented, but clearl y that is not always realistic.Thank you though for this suggestion and I am going to try to see if working it from your suggested angle will work here in Colorado.In the end, I want to set up a lease that does not have holes, that an attorney, God forbid we ever have to evict (though these tenants do not seem like the type to cause any issues and I generally am a good landlord and stay away as long as you are following policy, so thus having a detailed lease that covers most all and then just backing off.My inspections are generally once a year, outside of the move-in, move out.I also stay very engaged in the running of my property, thus self-managing as in the end, I strive to provide a place I would enjoy living and I actually live on one of my properties.Long story short, don’t care for the very vague lease that the current property management company has running.Additionally I have little confidence in the way they were managing the property.The property has so much potential but has clear signs of neglect and I intend to change that as I never simply abandon my properties.On the question of current lease, I have combed through it repeatedly and do not see any mention of what happens at lease expiration only what happens when tenants are seeking to terminate their lease, “30-day written notice required”.No stipulation on what is required of landlord at end of lease and/or automatic renewal, both items that I cover in my lease and another reason, why am not a big fan of the existing lease.Leaves out a lot.I prefer having systems in place where there is little chance of misunderstanding, so thus the nerves on this one, but I will get through, thanks to you all for all your great advice!

So as a rough estimate, it cash flows $600/month.

Sometimes the right decision is to angle the punt to the sideline and not give them a chance of a return.

I doubt the rent estimate has much to do with the valuation. 

Did you have the opportunity to have a deal that you came across that gave the chance to dive into to real estate investment world yet?

Also as for saving the VA, I’ve used it once already and plan on getting out after this tour so this is a chance to use up the last of the entitlements and get a second house without having to refinance the first one into a conventional to free up the loan

Sounds to me like he's got no chance, there's got to be some precedent set by never billing and collecting, right?

I bought at duplex, 3.5 down, FHA; My mortgage is estimated at 508 per month and the first floor is currently being rented to 650 bucks.

Monthly payment is estimated to range from $675-$750 on different properties with an estimated 5.125% interest rate.

At closing, I received a credit for pro rata estimated property taxes for 2017.