Talk to your tax professional and adjust your structure as needed. 

@Jessica Uresti It sounds like a major renovation, so you may be getting in over your heads on your first deal.But, let's talk numbers first: Can you share the financials that indicate "$400 -$900 profit a month?"

I've been talking with Greenfab a lot, but there are several Seattle-area modular companies worth talking with. 

Remember your HOA dues continue even when vacant. 

So if you think the space is the best space available that fits your needs, in the grand scheme of business, you are not talking about a lot of money, so would sign the deal.  

Fly out there, drive the streets, meet with potential team members, talk with local investors, etc. - Not to mention you'll avoid the headaches of California Tenant friendly laws!

Many of the property managers talk to each other and compare notes and share marketing ideas and 'run comps' on each other.The other option would be the 'enemy method' to search for similar size home within your community and others close by with similar amenities and scour their calendars. 

I don't know what kind of experience you are talking about, but I own a Great Clips that operates on Main St in downtown Suffolk.

I am currently living in Colorado and have talked to some property managers down in San Antonio.

@Chantel Gaaskjolen, if I'm letting a lease continue on a month-to-month basis with only a rent adjustment, I will use an addendum.