My wife and I both worked for nearly a decade for a commercial property company focused on leasing and sales in the retail sector so personal real estate investing was always a path we knew we would pursue having seen first hand the wealth real estate can generate. 

Yes your name and signature will be on the lease and the option (two separate agreements).

I would even resist the urge to just break even, you never know how long a dip in the market can last and you don't want to already be hemorrhaging money when (note: I didn't say "if") it happens.Another thing to worry about with Condos is that there could be restrictions to leasing it out because of the HOA.

Also, a lot of schools have bulletin boards for notifications including lease takeovers and subleasing.

They will be leased out at the top range of my local rental market.

@Jake Hutchins If you only said moving forward and have not signed a lease then I think you are under no legal obligation.

I'm also thinking about storing lease documents on the website and creating a way for tenants to submit help request online.  

My concern is carrying  a hard money loan for 6 months waiting for the leases to expire. 

@Jay Elvin I'm not in your area, but I would double check that they are licensed realtors if required by your state for leasing activity and look over their contract for any red flags.

I'd also want to know about CapEx items and how old they are.