When you correct something that the lease does require of you, prepare a fill-in-the-blank form that you have them sign each time that shows the date that they brought the matter to your attention, briefly describes the matter, shows the date it was fixed, and states that their signature (make sure it states one party signing is sufficient) shows their full satisfaction with the action you took. 

No reason a tenant should be unwilling to confirm some thing that is already determined (rent amount, sec. dep amount, etc.).The estoppel really protects everyone - the seller, buyer, tenant and any agents or 3rd parties involved in thew transaction.Definitely not just for lenders.

In reality it has been my most profitable adventure yet and I have only put a third of my time into it.

I like that you receive cash flow every month, cash at closing, and have the ability to assign the deal to another party. 

The third set will have to stay on a month-to-month lease, and all with rent increase to keep up with the market. 

Whether its your first, second, third.

Hey, when I do my third home over xx$$ can we reduce the rate a tic?

If it's a flip, just do a joint venture agreement and define each parties roles in detail.  

The investing by over seas Chinese is unrelenting and has been happening for a long time. Here is the latest example of a neighborhood of local residence protesting in front of a 6 thousand square feet hour house that...

Thirdly, at that price, in the event you don't sell it, you could make upwards of 35-40% COC (guesstimate).