I'm new to real estate investing and ideally, I wanted to start investing in Multi-family units with the intention to generate cash flow.

My husband and I do not have children so this was not done with the intent of building generational wealth.

(b) Personal property remaining on the premises may be deemed abandoned if any of the following apply:(1) The tenant has vacated the unit following the termination of a written lease.(2) An eviction order or order for possession in favor of the landlord has been entered and the tenant has vacated the unit and removed substantially all personal property.(3) An eviction order or order for possession in favor of the landlord has been executed.(4) The tenant has provided the landlord with written notice of a forwarding address and has vacated the unit and removed substantially all personal property.(5) The tenant has vacated the unit without communicating an intent to return, the rent is more than fifteen days past due and, subsequent to those events, the landlord has posted notice of the tenant's rights regarding the property.

The two homes are identical for all intents & purposes - 3/2 brick ranches, 1100 square feet.We rehabbed house #2 (subject property) identically to house #1 (february sale of 111k).

Any fee's that are paid in relationship to this transaction must be approved by the lender and appear on the HUD-1" In other words if you intend on flipping the property, you better disclose your intentions to the lender in writing and document that you did so.

Deep breath and keep it professional.Suggested letter, what do you think?

Saying this another way, there is the "letter" of an agreement and there is the "spirit and intent" of an agreement.

It's not exactly what you're looking for, but the information in your due diligence should tell you a lot about what type of tenant the prospect will be.But let's step back and think about this from afar: You can have review sites for businesses because the business is intentionally placing itself into public discourse -- I don't think you can really say the same for tenants. 

If you don't have the banks or the city breathing down your neck then you can use your discretion.

Bad locations will be bad locations despite good intentions and investment.