@Paul YousefI had to read your post several times as I thought my eyes were playing tricks on me.

Here are the details of the deal:First, I'd like to thank @Jeffrey Stasz for his help with this.

I use a US-Israeli accountant (offices in both countries) who can facilitate this- PM me if relevant and I am happy to give you his contact details.

Am generally not a fan of inheriting tenants and if I do, I prefer that my lease be implemented, but clearl y that is not always realistic.Thank you though for this suggestion and I am going to try to see if working it from your suggested angle will work here in Colorado.In the end, I want to set up a lease that does not have holes, that an attorney, God forbid we ever have to evict (though these tenants do not seem like the type to cause any issues and I generally am a good landlord and stay away as long as you are following policy, so thus having a detailed lease that covers most all and then just backing off.My inspections are generally once a year, outside of the move-in, move out.I also stay very engaged in the running of my property, thus self-managing as in the end, I strive to provide a place I would enjoy living and I actually live on one of my properties.Long story short, don’t care for the very vague lease that the current property management company has running.Additionally I have little confidence in the way they were managing the property.The property has so much potential but has clear signs of neglect and I intend to change that as I never simply abandon my properties.On the question of current lease, I have combed through it repeatedly and do not see any mention of what happens at lease expiration only what happens when tenants are seeking to terminate their lease, “30-day written notice required”.No stipulation on what is required of landlord at end of lease and/or automatic renewal, both items that I cover in my lease and another reason, why am not a big fan of the existing lease.Leaves out a lot.I prefer having systems in place where there is little chance of misunderstanding, so thus the nerves on this one, but I will get through, thanks to you all for all your great advice!

@Melissa Harris reach out to @Justin Cooper he can give you more details or put you in touch with a refinance lender that we use out in CO for more details.

If they want more detail, then they need to ask the right questions to get there. 

I like Salida and have been keeping an eye out in that area. 

Actually a good area and price caught my eye.

You need to establish a relationship with all four tenants and introduce them to your management style and expectations.In any case, keep an eye of the rogue tenant.

The more eyes on your property then the more reservations.