That is why you should request to review all contracts related to the property (not just leases, but other service contracts too, like pest control, cable tv, etc. that the owner may have) during your due diligence period of escrow. 

I believe we are both on the same boat, in terms of equity and being new.

Bought it with hard money and then refinanced in a long term DSCR loan.

Ensuring clear contractual terms and maintaining good communication will help protect your interests.If you have any further questions or need more specific advice, feel free to ask!

It's more of a longer term BRRR and a learning expirience for me.

Together, we negotiated favorable terms with the seller, ensuring a beneficial deal.

Purchase price: $19,000 Sale price: $20,000Got a lot under contract for $19k in Port Charlotte, FL.

Call your servicer to start the conversation, the terms are dictated by conventional loan guidelines so this will be what is applied:https://servicing-guide.fanniemae.com/svc/d1-1-01/evaluating...

Together, we negotiated favorable terms with the seller, ensuring a beneficial deal.

I will reach out to you shortly.