If for instance, you're planning to stay local, then consider the demand and supply for each asset class in your local market prior to making a decision!

States like Ohio and Florida have also made it pretty much illegal if you don't close on the property prior to advertising.

This could be a state specific question but in AZ we don't need any reason but we do have to give notice of non-renewal 30 days prior to expiration.

2/ you’re buying from a turn key company so they have to make disclosures to you as well as a closing cost sheet prior to you closing and taking possession.

However, I have taken the route of getting an umbrella policy.

I paid for a cleaning crew prior to her moving in, and then she hired another one to clean my clean SFR. 

Now my HO6 premium went up and thanks to centralized/online recording, my primary house insurance went up by $200/year b/c they detected this loss incident under my SSN/Home Insurance policy.2)Now here is the situation that impacted the showing of the house and getting prospective tenants/students for next year's rent in a timely fashion.

Depending on your returns and how recent any major work has been done, it is possible to adapt to the needs of the specific property (i.e. if the plumbing, HVAC, roof, etc. was all done in the last year or two you can focus more heavily on cashflowing into the next property and setting aside a smaller portion as an insurance policy for the next big problems).

(Because the rule is that you have to have lived in it for 2 of the 5 years immediately prior to the sale.)

I know I would have to honor any lease that is already in place with the prior owner, but what I really want to know is how fast and how easily and for how much could I get these tenants out of the property?