In four months they'll essentially pay an extra month of rent which helps compensate for the additional work required during turnover.I also use month-to-month when a tenant appears high-risk and I want to take them on a "trial run" to see how they perform.

I know that in the past when we have had difficulties getting a mutual release signed our lawyers have given us specific things to do to just cover ourselves. 

Beyond the liability there is extra wear on the property. 

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

But there’s no such thing as a sure thing, and that’s why there are some basic steps landlords should take before agreeing to lease their property, as well as proven practices that help prevent problems after a tenant has moved in.Screen Prospective TenantsUnless you are renting to a family member or friend (which can bring its own set of difficulties), you likely will be entering into a legally binding financial contract with and entrusting a major investment of yours to a stranger.

If you can find another property in this market then sure buy another but either way it would nice to have an extra $400/mo in your pocket. 

Gift or Estate taxes - This is minor, but I will suggest to look into gift taxes in your state, so you do not end up paying extra taxes on the gift for 2021.

@Lindsay Op de Coul very, very difficult if no other 2-families exist on the block, but no extra regulations on the process like 2 to 3.

Great flashlights and extra batteries that fit, super long extender ladder, korkers/or other brands over shoe to go over your steel toe boots, GFCI tester, moisture meter, a dog nose, an extender mirror, shovel to check foundation moisture, respirator as some properties have gross smells or chemical exposure, regular retractable tape measure forget the laser one, 5 gallon bucket, zip lock baggies, brown paper bags, putty knife, variety of screw drivers,Are you checking basements?