At this price, the mortgage and insurance would be <$300/mo (if I didn't just buy it cash), leaving $500+/mo minus vacancy, maintenance/repairs, etc. to come out ahead.

Wishing you a prosperous time ahead with your investments!

Two months ahead is sufficient to find new tenants.

I'm hopeful that our fresh start will bring great things ahead.

I went ahead and wrote you a message in the private notes tab.

@Maurice Colbert These are great questions to be thinking about ahead of time.

As a newbie I try to think ahead in order to avoid certain issues in the business.

Depending on the numbers, you may or may not come out ahead.  

I think you'll get the safest answer if you contact the city (or a local real estate lawyer) directly - better to flag the situation  ahead of time rather than try to unwind it down the road.2.

Your tenant has given you the most often used lame excuses for paying late, they are always a lie and are the result of the tenant having spent their money ahead of paying rent.