The original lease would still stand, but you can have them sign an Addendum just to acknowledge the switch of ownership of the lease ( you) and where payments are to be sent and how they are to be made out, or if online payments, how to pay. you can not physically change the rent and i wouldn't bother re writing it on your co. letterhead, that would be a waste of time and a headache.

Liability risk is high, insurance coverage will be an issue, you will get sued if there is a drowning and a waver will be of zero protection.

We have 3 homes leased, 2 rehabbing and a seller financing deal for 3 doors in a multifamily.  

It sold about 2 years ago and as far as I know the owner is still alive

Any recommendations for an appraisal company in New Jersey that those mixed use would be greatly appreciated.We are receiving a very high budget and a long time frame.

Just going to use a first and a second.

My son has special medical needs, and as he grows he will need a specialized van to go on longer trips. 

There are forms of "illegal flipping" which involve selling a property on CD to someone with a large down payment and a poor ability to pay. 

Zoning for 3 and 4 units might be the same and it's not really the ground to litigation unless you're the seller and didn't know that and, as result, lost $350K on sale.

I also suggest a bug inspection and a sewer line inspection.