If anyone has been paying attention to the Atlanta market it started rising around 2011 and has continued to rise.. effectively property values have skyrocketed.

Most leases will have a clause stating that any verbal agreement would not take effect - check the original lease.In the new lease you can set your own rules and policies.

@Nadir M.You did not mention in what city it is so it's hard to answer.In my market (Buffalo NY) i bought a two family home with a sec 8 tenant occupying one of the units, i had no problem increasing the rent to market value and my lawyer said that i can give them a 30 days notice to vacate (They were on a month to month lease)."

Architects, lawyers, engineers, and high level investors are on the other end of my phone on a daily basis.

I’m told that a lawyer must file a petition in orphans court before moving forward.The decedent did not have a will and she is one of two OOR.

It is most cost effective, next move to insulating pipes.

What all investors need is a solid grounding in Economics and the effects of policy, both locally and nationally.It really does help.Also, I wouldn't call this Investment completely not liquid.In fact, if you believe in future Interest Rate increases, and I certainly do, borrowing against these Investments increases your profitability as you can lock in the lowest interest rates NOW.

BP also has a good book for REIs and taxes.Find a good investment CPA and lawyer. 

I'd have a lawyer draft the partnership agreement. 

Communicate with them about anything that effects them.