Friend #2 recently closed on his own personal home, was planning a wedding, and recently had a baby-yes, a lot going on I know.

The colder climates most baby boomers are retiring to the warmer climate states.

The reason I'm asking is because i was listening to a podcast and the guest was speaking about all the baby boomers about to retire and less people will be trading in the market. the conversation made me think how uncontrollable the stock market is and maybe i should push everything into real estate since i can control my own destiny.  

I don't plan on buying an MLS property, i'd much rather go through a turn-key company, which is a baby step and potentially cuts into the profit margin a little. 

.- i do not want to be forced to pay $13 for quickbooks monthly- i do not want to have to invoice my tenants. they are not babies and they know when the rents are duei am thinking of going to either cozy or venmo. 

.- The $12,000 boat sitting in the neighbor’s garage he only takes out 4 times each summer, it is basically a 24% down payment for a mortgage on a $50,000 rental property.Heck, even the PS4 that I just had to have for some late night Call of Duty action and spent probably $700 on including a couple games and accessories is just a hair under 2% of the total $36,000 purchase price of the investment home I bought – and I actually find that sort of sickeningly interesting if you really put that into perspective.

What other industry is in every neighborhood of the entire country, that takes their wages and spends them at the local stores, hair salons, insurance offices, doctors, dentists, small and large stores? 

There is currently no lease in place.I want to have them sign an estoppel agreement verifying that there is currently no lease in place, and they are indeed on a month to month etcI don’t imagine I have the rights to have them pre-emptively sign a lease agreement prior to closing..I would honestly like to boot them out and RTO, but also like to remain on good terms with my Sub2 sellers (You know..so they don’t get a wild hair up their a$$ and call the bank screwing us both over etc..)QUESTION: What type of legal document /agreement is available to have the tenants sign agreeing to a rent increase BEFORE we close?

Yet baby boomers began retiring in 2007.  

Then I also had the babies' play space, living room furniture and a double pack n play taking up space in the living room.