(The actual dates you choose will be dependent on the terms of your management agreement and/or decisions you make and communicate in writing to your current management regarding the actual cutoff date and local law for such tenant notices)Also, regardless if you ARE or are not named on the tenant lease, you cannot change the current lease term, but whoever will be managing it will need to honor the stated end date and all other terms, other than change of payment location and contact info as above.

As for the other strategies you are thinking about, I would recommend you educate yourself and choose the ONE that speaks to you to the most. 

In the following article, I’ll discuss some of the most important items to consider when choosing your jockey.FamiliarityIf you’ve been reading all my blogs, you are likely starting to see a trend with this first item.

This takes a little more work, but it's the most fair and reduces the likelihood of tenants that squander utilities.If you choose #2 or #3, there are considerations:Start with an average.

But always, I was respectful of them and of a tough situation, offering honest solutions and we both benefited.I now do "Subject To" instead, with Joint Investors, because it is far less risky, it is more profitable, less work and a much faster way to wealth with a $25,000 investment instead of the $200,000 and $300,000 I had to use in the market I was in.If you choose to do Foreclosures, my method works great, but find out if it is even still legal since the changes of 2011, and 2016.

Keeping the deal flow coming, it is a sweet thing to have lots of deals to choose from. 

I wouldn't focus first on the difference between owner-occupied and investor mortgages, that's like choosing condiments before you pick what you want for lunch.I have to say I don't love the idea of buying with your sister no matter how awesome your sister is, because it ties your financial life together with your sister's financial life in a way that just isn't very flexible for either of you, especially if you are on opposite coasts.

If you are choosing to list it on AirBnb, then you can easily scale that to over 10K per month.

I would suggest more populated areas for future investments with a higher cashflow and rent appreciation with a larger pool of property managers to choose from. 

You might persuade the tenant to have it tested using an instrument from Amazon-several to choose from.