If you don't bring money to a partnership then you need to bring the time.Time is putting it together, dealing with the problems, and performing all of the management tasks.

My husband and I are looking to start our own REI business in the Memphis area.  We've both owned and sold homes before, so we understand basics of buying and selling, but reading through a lot of this info on bigger ...

Just a plain old boring lease with a security deposit made, move-in date on the lease to be about 3-4 weeks after you intend to close on your new purchase.We can use rental income to offset PITI on your old house, fixing your DTI.After that lease is up, evaluate the performance of your old home as a rental property, and either keep or sell it at that point.

It is brand new.  

But we won't do upgrades for short-term tenants, brand-new tenants or those who bend our lease rules.Rick

If people didn't see the returns or weren't happy with the tenant performance they wouldn't keep investing in Cleveland, wouldn't keep investing with us and would look for other options.

I'm willing to take calculated risks, but don't feel that its a smart decision to take on a project without performing a thorough analysis on the utilities. 

We have mobile homes and parks in Charleston with good success and have been curious how containers will perform.  

I like how you described that your appearance has become your brand !

You can only break the lease if they do not perform, i.e. late rent, noise, etc.You can always give them an incentive to pack it up.Good LuckGino