He is technically under no obligation to sign a new lease changing his lease end date and I don’t see a way you could evict if he has been paying on time and is not violating the lease in some way.

Ok, thanks for indulging me with that background.

The commissions are usually paid by the seller (and built into the sales price so essentially passed on to the buyer that way but technically debited to the seller).

Do you have a background in construction?

Background: I have a property that I purchased and renovated and ended up spending a few more money than expected.

Before getting too involved in the numbers, I'll give you all a little background about myself - I'm 29 years old, currently own a fully paid for 3 bed/2 bath SFH in the Tampa Bay area and while open to going other routes, I'm leaning towards investing in additional SFHs and renting them out.I apologize in advance for the long post, but I want to give as many details as possible. 

If you do paper applications and run the credit/background checks yourself, before they pay you an application fee (which can be a good chunk of someone's monthly income in a rural location), stop the process.

I think the big thing throwing me for a loop is that since they're splitting the total cost of rent (and technically on a contract together), they're all technically responsible for payment. 

Very technical.

Background: Two friends and I have been meeting to discuss investing in real estate together.