YES or NO (circle one) If you answered YES above, do you possess a copy of that written agreement?

In the case of our rental, the "behind a wall model" will work well as we can mount it in the top of a bedroom closet that is up against both an exterior wall and the common living room area.

If making decisions and implementing your decisions based on a sound business model, I find you should never regret.

Unless you’re buying large apartments be leery of the 12 month lease model.

@Andrew Stewart Spend the money on a survey now, or in a couple of decades you might be faced with an adverse possession claim.

I utilize it for 23 units and I'm able to see everything in one view, print detailed reports, and it's been most helpful in terms of bad tenant issues (having to go to landlord/tenant court) because all of the necessary information is right there with the click of a button and I'm unsure of the cost (they've changed their pricing to a per unit structure and I'm grandfathered into the old pricing model). 

You can also check for warrants-- last time i had a tenant with a warrant, other tenants told me about it so I was able to verify the warrant and then get him to sign an agreement to give me back possession of the apartment in return for storing his belongings so I didn't have to evict him.

Benjamin, I have JV'ed on many homes with a very simple model.

We also can not go back and easily renegotiate price to reflect the possible long and/or destructive process of legally removing this person once we take possession.

I would find out about holdover eviction right away.In Texas, a landlord or PM can immediately go to a Writ of Possession in the case of holdover.Technically, they are placing you in jeopardy for specific performance with the new tenants.