My question didn't pertain to short-term rentals as I only lease on annual leases at this location.

For those who have tried Airbnb long term rentals (typical more than a month), how do you factor in the utility bills?

We are looking to buy multifamily properties and get away from long term single family rental houses.

This will be a long term rental that we plan to keep for many years. 

They are kind of a pain because they take so long and require so much documentation but the only closing cost I have is the appraisal.  

We get all sorts of clients who waited to long to work with a professional and have all sorts of problems.

(I know you can go after title-able assets) with a judgement in hand... not sure about equipment left on premises.Presuming it has truly been "too long", I would fill out the form, hand them a copy the next time you see them and say, "I will be filing this on X date if my job is not satisfactorily completed.  

Some details on the deal below:Mortgage rate on the property: 3%Monthly mortgage payment: $1200Amount owed on mortgage: $230KCurrent property value: $370KEquity: $140KDue to the low mortgage payment and high rent potential in this neighborhood I would like to assume this loan and rent this property out as a long term rental. 

If I buy a property with tenant in place, do I need to inherit the existing lease terms?

Not really concerned with how long it takes, I plan on doing this for good no matter how long it takes.