I'm not familiar with New York law, but it's fairly common for a tenancy to convert to a month-to-month agreement upon the landlord accepting the next months rent following the expiration of the lease term.

These guys are not paying other utilities and college funds, and I would not expect them to pay you.

It's quite common for there to be a year or two of property taxes.

Just a thought.Do you have expenses on it, who covers utilities, comps in line and like kind?

bond for title or commonly known as land contract.

Holding a property is not free... you have to pay insurance, taxes, debt servicing (if financed), utilities, etc.

Victor, the problem you are having right now is a common one, and there are ways to leverage that.

Your apartment/house has to pass an inspection and I'm pretty sure utilities have to be included in the rent.

It seems that this is a common starting point, so I'm very curious.

Even if you could do it, you likely do not want to unless you plan to hold the homes for a long time.3. 20% down on an investment property is not common.