That's a contract between you and the other party, and can be enforced many times even if the release is not.  

I think there would be some technological advances and a lot of design work to do this well.  20 to 30 years from now how cool would it be to remotely configure your dining room if you have family coming over for dinner or create an open configuration for friends coming over to watch a football game?

Given the chance, many tenants will bash the PM thats responsible for the enforcement of the lease.

Given the chance, many tenants will bash the PM thats responsible for the enforcement of the lease.

OK, Golden Game Hen.  

Clearly you don't want to go into it with the plan to learn the business then steal all of their customers but knowing the current owner's end game would be important from the beginning.

We have a less then 6% vacancy rate and a less then 2% eviction rate so if you pick the right tenant then they will play by your rules if you enforce them and make sure they understand it is in there best interest,,,, Not having to pay for a cashier check, not having to sweat if the mail is late past the 3rd and they get hit with late fees regardless of the reason.. so for them if it is automatic you have helped take the burden off of them, thus making their lives easier.Again just my experience and thoughts.

For your first investment, the best thing you can do is team up with an experienced investor to help walk you through the process and help you get some skin in the game.

I wanted to be the guy who OWNED the machines and back then they were illegal but not enforced (strictly enforced now).

I know it's a numbers game, so should I do this for a couple of more hoods... and then send out my letters?