Fresno has some of the best cash flow numbers in the state, good choice on location!

With that strategy you are the bank and have the lack of liability and headach like a bank, yet your investment is ultimately secured by real estate.

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I was thinking of maybe a choice of month to month, 6month, 12month but with different price options to get me closer to fair market rent.  

You are ultimately the one going to have to deal with the issues if they are present so its up to you.

You made a wise choice posting in this forum.

However, once you have a property under contract you are ultimately liable.  

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