I am in the process of having it rented out and have a tenant scheduled to move in within the next few weeks. 

Account Closed I am closing in two weeks on a property that costs $197K and my closing costs are $2169.75 plus prepaid costs of $2200.

Best to focus your energy on what you can accomplish in the coming days and weeks.

Write in whatever you want (ie tenant can move out anytime with no penalty with X days notice).If you're not comfortable altering or adding lease language for that, like Wayne Brooks said, just do a mo-to-mo or week-to-week lease.Curious though, from an owners perspective, why would you want to give the tenant an easy out?

Again, others might feel differently here.3) property level due diligence: (takes seconds to weeks per deal): here is where I drill in with the low-level details.a) pro forma popping: I examine all the assumptions, and see if they are overoptimistic or not.

Then after a week he switches back to his trusty camel non filters , buys a pit bull and invites his wild drunken buddies over for weekend parties .

My wife and I have just begun over the past several weeks researching and trying to decide our focus.

I listened to a few then rolled back to #1 and listened to every single one (though I'm a few weeks behind now). 

The same units are selling if you find a listing at about $200k and go under contract within a week of listing. 

I talked to a person in the housing department last week and they said it would be on a case by case basis and would submit it to their lawyer.