PoA expires upon passing of the principal (your aunt), so that's out too. 

The lease expired a few years back and my tenants are now month to month.  

Anyone out there that has invested as a LP with Southpoint Financial I would love to hear from you either in here or privately via messaging.The main GPs are James Willis and E.

A little background to myself:- I am in my last year of school- I am an Apprentice Plumber (Commercial)- I work on some things to do with E-Commerce and Stocks/Crypto- I love playing sports and going to the gymMy main goal for my life is to have financial freedom as we most do but for me travelling and experiencing the wonders this world has to offer really drives me.

Capture the liquidity/equity of the asset, buy another property with it, and keep the original property.

If you intend to let the contract expire, make sure you know the Notice of Termination clause as it will require a 30-90 day notice. 

Any one or more of those things can cause you to have a higher or lower tax bill in any particular year.Just because Robert Kiyosaki famously called rental real estate "zero tax income," doesn't mean income taxes are zeroed out, globally.Here are the instructions for Schedule E: https://www.irs.gov/pub/irs-pd....

What percentage of expiring leases will renew their lease each month?

I would as far as what to be aware of, when you purchase a property with existing tenants you are bound to the existing lease conditions until their leases expire. 

If you sell the property be mindful that there are actual costs to sell since the asset is not liquid.