You will need to do Due Diligence on the commercial tenants, review the leases and try and strengthen them to mitigate the risk.

So I have a question on how to handle an upcoming lease renewal.

When I asked her to provide a copy of the lease, she sent one that expired a year ago.

Collect deposit during lease signing.

@James Edwards first realize you have to honor any existing lease, even a verbal one.

The resident is on a month to month lease.

I’ve been going back and forth between whether I want to wait until I have the funds to purchase a property for this purpose vs obtaining a lease and subletting that property when I am not in town (with landlord permission of course).

4) do you do 1 year leases or are you beholden to the August to May school year causing more vacancies than one might typically experience in a SFH rental?

Have a strong lease with open, honest expectations.

Here are the properties that have interested me (not sure if either are section 8):Duplex built in 2002 consisting of 3/2 1050sq/ft each for $94,900Currently both units occupied with $670/month leases (not sure of the lease terms).New roof in 2015, new Central A/C units in 2013 and 2015.Outside looks good, inside looks clean with decent kitchens (basic L shaped) with laminate counters, tile floor in kitchens, what looks to be berber carpeting everywhere else.