Yes your name and signature will be on the lease and the option (two separate agreements).

I would even resist the urge to just break even, you never know how long a dip in the market can last and you don't want to already be hemorrhaging money when (note: I didn't say "if") it happens.Another thing to worry about with Condos is that there could be restrictions to leasing it out because of the HOA.

Also, a lot of schools have bulletin boards for notifications including lease takeovers and subleasing.

They will be leased out at the top range of my local rental market.

There still seems to be some differences between these two however minor.The attorney should be able to help with guiding the legal aspects of doing this.It’s cleaner I suspect if you own the properties out right.I tried to do a land trust and Wells Fargo still gave me grief - luckily that note is paid and I no longer have to deal with WF and hope never to again.

@Jake Hutchins If you only said moving forward and have not signed a lease then I think you are under no legal obligation.

I'm also thinking about storing lease documents on the website and creating a way for tenants to submit help request online.  

My concern is carrying  a hard money loan for 6 months waiting for the leases to expire. 

@Jay Elvin I'm not in your area, but I would double check that they are licensed realtors if required by your state for leasing activity and look over their contract for any red flags.

The duplex includes tenants who have communicated that they'd like to sign year long leases but we have until October to better understand the quality of the tenants before committing. 4.