If not have them give formal notice now allowing you 3 full months to find good quality replacements that are able and willing to pay market rent.

I'm in the Denton market and depending on the quality and age of the homes those seem like fair prices. 

Week to week will appeal to a lower quality of tenant, AND will put you at risk of needing to find a tenant say during Thanksgiving or Christmas right when it is most difficult to find tenants.You will find out one of your biggest expenses will be turning over the property to a new tenant. 

But if you are looking at a larger than normal down payment or an all cash transaction, it is an area that you will be able to easily fill with quality tenants and have an asset that is likely to increase in value over time.

@Sukhi Singh It's an interesting idea, I also wonder how you would keep your product quality high with that many cleaners, managers, and place to furnish and design. 

I'd honestly figure out a way to take over your brothers mortgage - try and quality for it so your brother can take his name off - and that way you don't need to bring any money and you can just close in a much simpler fashion and less closing costs.

For the vacation rentals, I usually put in higher quality upgrades, wood floors, tile bathrooms, crown molding, treated ceilings and quality blinds. 

I think this could easily be scaled.Step 1 - Build Your Buyer's ListI've assembled a list of Cash Buyers using Craigslist however I'm not very confident in the quality of my list.

It almost feels like New Orleans in some spots.The Creekside part of it was formed in 1993 as a nonprofit effort to improve the quality of life in the area.

Can anyone suggest a licensed and insured drywall/finish plaster company that they have used in the past that is reliable, does quality work and whose work you can vouch for?