@Nathan Frost I'm one of those boring long term hold guys...

I am being told in a specific instance that copies of leases are not provided to owners because the legal binding agreement is between the property manager and the resident.In this case, I would have zero visibility on the nature of the lease terms, as well as who is responsible for certain costs borne (utilities, etc)If this exclusion to owners is allowed, what is required in terms of document retention in the case of termination of relationship?

I'm looking to purchase a single-family home in the $500k-$600k range with a long-term hold strategy.

It's a risk, of course (because they may not sign your lease or move in on 8/1), but to offset your risks, here are some tips in general terms. 

My goal is to utilize a long-term rental portfolio to reach financial independence. 

The negotiations were quite difficult to find the terms that worked for both parties.

If issues come up I could non renew at any time and this would give me greater leverage if things were to deteriorate further, it isn't like you are worried they will leave with no long term lease.  

Is the cleaner offering to charge less for short stays?

We are thinking very long term, so in order to cover bases regarding potential deaths, wanting to pull out, or being unable to afford the investment it seemed like the best way to go.Really looking for some general advice is there is any, we feel we've googled and researched everything that will apply, but are there anymore pieces to be aware of? 

This will be done as a "rate/term" transaction, so better rates than a cashout transaction.