Sorry for the long reply, I just wanted to make sure I acknowledged every step that took to reply as I appreciate any tips considering this will ultimately lead me to financial wealth and freedom!

., etc.Yes, a new foundation (among other things) is required.There is a very real cost to the developer in tearing down and disposing of the existing house (tipping fees can add up to a tidy sum).  

Thank you for the tips and guidance while I'm getting acclimated to the community.

I received this info from @Nathan Sharp when I first started.http://www.biggerpockets.com/renewsblog/2013/01/04/how-to-rent-your-house/(house rental guide)http://www.biggerpockets.com/renewsblog/2013/02/22/buying-rental-property/(how to buy a rental property)http://www.biggerpockets.com/renewsblog/2014/07/19/how-to-buy-a-duplex/(guide to buying a duplex)https://www.biggerpockets.com/renewsblog/2013/12/12/bp-podcast-048-duplex-managing-tenants-darren-sager/ (Duplex investing)Now that you have made the move, below are some links that will help with the navigation of the site. http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meethttps://www.biggerpockets.com/alertsHow to Use @Mentions on BiggerPocketshttps://www.biggerpockets.com/ruleshttps://www.biggerpockets.com/termshttps://www.biggerpockets.com/inviteshttps://www.biggerpockets.com/perkshttps://www.biggerpockets.com/forums/categorieshttps://www.biggerpockets.com/rei/glossary/https://www.biggerpockets.com/webinarhttps://www.biggerpockets.com/courses/a-beginners-introduction-to-real-estate-investing (video courses)https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)Before your 1st purchase, please ensure you visit the below link for some tips.https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/REI books suggested by BPershttps://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 absolute must read books for beginner REIs)http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?

My husband and I just bought our first rental property in Lehi, Utah, thanks to a lot of the tips, tricks, and courage from you fellow BPers & these forums.

Further, I've heard it takes upwards of a year to season a rental rehab: are there any tips anyone has to shorten this time?

So if it seems likely to be true, then tell him that and then tell him you will amend the lease to allow them to stay if they pay the additional water amount of $25/mo or whatever.I guess the other question is would you have rented to him if he'd have had a girlfriend with 2 kids?

I don't want to get too leveraged.I appreciate the tip about trying to do some re-negotiating last minute.

Ryan, a little tip someone taught me about finding contractors.

those are great tips.