They are responsible for paying rent through the full term of the contract.Nevertheless, I still get an email now and then from tenants giving notice of lease termination while they are still mid-term.

Hi Brian,I noticed that @Jim Holub  is also interested in raw land.

Most secondary loan market buyers of performing notes are looking for a yield of 9-12%+, which means that the interest rate on the note has to be 9-12%+ to get par.If the market in DC is hot and the tenant cannot get regular financing, the best move is to give the tenant notice to move out and put the place on the market.

Hi BP - My tenant just provided notice to terminate her lease on my condo in Seattle, WA. 

Some factors to take into account will be the overall condition of the property and current rental income in comparison to market rents (comps).Queens has many SFR with liveable basements so you may be able to find someone willing to househack and keep the current tenants but you'd be working with a very specific buyer pool and this could lead to less interest in the home, a lengthy selling process and a below-market selling price.With regards to giving notice to the tenants, assuming you're going to aim to close when their lease is up in April, I'd mention it 30-60 days before putting the property on the market.

I heard since it is month to month, I can increase the rent at any time by providing rent increase notice to the tenant.

I’ve noticed you’re a frequent poster!

Then notice is made by printing it in a publication of record.

With my price point of no more than $280k, I've noticed a few quads for sale for less than $300k with tenants already in place.

I noticed there are people in California recommended to buy duplex in Houston.