I'd rather rent for $50-$100 less a month right away than wait a month or 2 to get the higher rate.

We have contractors that are supposed to start in 3 days so my family can move into the house in a month. 

Here are some things to consider:Most investors don't need software until they have 5-10 rentals.

There is no differential factor number, however, it will change if you are buying tenant occupied, if they are are going to be vacant at closing, if they are going to stay the full lease or you have to pay cash for keys.

They send money to title company at closing.

I am new to the field of real estate investment.

Do you want to own and operate a business?

To get above $700 your typically looking at a very nice 3 bedroom unit, possibly a side by side to get all the way up to $750.

@Angel PengI have dealt with this in the past by first checking the lease, and if it is now month to month, I will give them notice that I am terminating the lease in, say, 60 days.

Got to separate them.