YOU still have to give proper notice,, NO way can you do this the way your thinking,,Download your state landlord tenant laws so you can operate this business properly,Get a copy of their current lease,, IS there a clause that says,, it will automatically revert to a month to month term if not renewed for a longer period..IF so your fine,, you'll just give them notice of lease terms changes the next month,, they don't need to vacate if you want to keep them,, you can give them a heads up what the terms will be, you can suggest it would be nice to start off with a new lease, but understand they have a month to accept that new lease or give proper notice to vacate..It's not that it can't be done,, it has to be done the proper way..

For example, it might be a tear down where some investors do not want to take the risk of taking up their money for extended periods of time.

Daily habits done over extended periods of time lead to answers, results, and success.The other answer is to stick it in the stock market or come back with a better question.

The contribution period will be 1 year, then I will have enough saved up to cover 3 months of expenses. 

Schools and education are great but make sure the people teaching you know what they are talking about.

Yes, there could be a limitations issue but some jurisdictions permit a significantly longer period to sue on an account.

I just need the proper education.

@Andre Crabb The Forums for one, you can also reach out to those individuals that you feel may be able to help you personally and click on the "Education" tab, lots of great stuff there! 

You also pay annual fees, attend continued education classes, etc.I would caution you however, that you should instead offer a different approach.

@Ali QudsiUnless you are some not-for-profit organization - you will be required to pay property taxes.There are some instances that you buy a newly developed land/building and the county strikes a deal with you that you won't have to pay property taxes for X years but will ultimately have to pay them once the period is over.You can decrease your taxable income related to rental properties with depreciation.