That way you will receive a letter if the policy is cancelled or renewed.  3) Suggestions - Make sure to set the right expectations with them at the beginning. 

The tenant that I would like to remove (the front tenant) is on a month-to-month lease that renews on the first of every month. 

Thanks everyone for the feedback, The Pacific Specialty would not insure a vacant home so i ended up using Lloyd's of London which has a 3 month minimum and then can renew on monthly basis as needed.ali

It went about as bad as I expected and I non-renewed at the end of a year. 

You can get to an understanding that if stuff continues the lease won't be renewed and if enforceable terms are violated you can terminate the lease.

Or is it best to keep the property, since it is only losing $7/month, I have a great tenant, the property is very low maintenance (and brand new as of 2007), and will produce positive cash-flow in 3 years right around $100/month.Two things to note, I think that I could get closer to $950-$975/month if the current tenant doesn't renew his lease.  

Most, but not all, of our work is here in Hyde Park.I renewed my RE Sales license in 2012 almost exclusively to have reliable access to comps.

The lease expired this month and they've signed a renewal for 2 years at $1250 then $1300.

To form an LLC is around $325 and then you will have a yearly tax return filed at an average of $300-$500 and then yearly LLC renewal fee of $325.  

, no rent increase, or I'm not renewing the contract and I'm requesting the tenant to leave.You can increase the rents to any amount but they won't necessarily approve it.Word of advice is if your buying a duplex, triplex or 4 plex... the smaller multi units.