Based on the information you provided it sounds like it is a one-time auto renew and then rolls into a month to month lease.

The only way you make this thing roll is by buying a really good deal, fixing it up or making it perform and then refinancing it for a large lump sum.   

Learn how to conduct and track split tests, write compelling copy, how to use headlines and CTA's on your creative that will improve conversions.Another big point is: Never spend a dollar you can't track the results of.Our conversions started going up very fast once we understood that being in real estate means you need to also be an expert at reaching people i.e. marketing/branding... this made the biggest difference in our business. 

One of the jurisdictions has even rolled out the RED CARPET for my company, Life Size: Tiny Communities.The whole goal and mission of this is to retain attainability for people starting out or just anyone looking to live a life with less stuff, less debt and less worry.

The only problem it is still the beginning of the year and the new laws have not been really tested in CA as gar as number of applications and speed of approval. 

Do I take all of these loans to small banks and ask them if they want to roll them all into one loan?

@Jack Moran  It is easy enough to test for lead paint. 

Be sure to check out the Rock n' Roll Hall of Fame if that is your kind of thing! 

So I have seen quite a few rent rolls that get at least the prices I show below.Definitely get other comps and ask around but the rents will be affected by the locale and how nice the property will be after its fixed up as I'm sure you know.That said I see many 1bd units around the $1,000+ mark. could be more or less depending if they have parking/yards/amenities and so forth.2 Bedrooms can be anywhere from $1,200-$1,300 and 3 Bedrooms go for $1,400+...

For tax purposes, you probably want the property to be treated as a "for profit" rental if possible, because the other alternative is that it's a "hobby", and you can't write off any losses.One of the tests is that the rent has to be "reasonable" - it can be somewhat below market, but it can't be pennies on the dollar low.