A quit claim deed and a quick trip to the county office will do the trick.

Move in/Move out checklists are magical.I am about to house hack my first property with two roommates, and I will be following my local landlord and tenant regulations, along with a bunch of tips and tricks i have learned from BP and reading books. 

The trick is to purchase another property to service the debt and make a little cash flow for you too.

Mark shares his incredible success stories, which include his trick for finding overlooked properties, house hacking for massive profits, adding value and utilizing the 1031 exchange—plus more!

The trick is to find assets with a lot of upsides (via rehab, increasing rents etc), increase the NOI and exit at the higher value (but same cap rate).

Any tips or tricks besides UPDATE lease to address above issues?

While I've had to figure out how to make a few things work, I think it just might do the trick.

The trick is for them to sell it prior to sale.

The trick is to find the people.

So, IMO, the trick is identifying the opportunities that exist and then finding ways to fit such into your plan, Not all opportunities fit, you can't force a deal, it has to flow into your operations.Doug is right that you may not get deep discounts walking into a bank.