There are many out there and I suppose some  owners are happy to  make  8 to 10K a year after  expenses and utilizing  the home for their personal vacations, but the investors getting 10%+ seem to be splitting it- one company does just the bookings for roughly 15% Commission (per night or per stay) and property manager does just Property Management.

I served a notice of nonrenewal, they asked if they could stay, I said we could discuss at a later time but they should plan to move. 

Marshal will take tenants but their stuff will stay in your place. and you can`t just throw this outside.

I am very new to real estate invetsting , not sure where to start. i would like to stay local to to los angeles i am also interested in las vegas.

This is a college town in a good area that stays rented.

@Andy Rousch, I recommend you look at the Philadelphia and Allentown markets if you want to be a passive investor, or stay in your local community if you want to be hands-on. 

Cash out while prices stay high.

Regarding the property manager, you'll have to interview them to see if you want that person to stay on our not.

Some cities have rules about tenants having he right to stay after a property is sold unless the new owner is moving in.

I am thinking about perhaps holding three months rent in escrow and asking her to stay a couple extra months ahead of rent.