Probably not because it would be extremely hard to prove and not worth the time and effort so then it becomes more of a moral question for you.If I were weighing whether or not to stay in and bought a house because there was a relatively good chance that I would, then I would not lose sleep if my plans changed and I wound up getting out and moving before my year was up.

Considering he is also the manager it’s somewhat tricky, You should first vet him as a PM and make sure you can change pm if required.Work the numbers on actual rent, including his lower one.Are all other rents at Market? 

The whole game changes for the better (lender terms, interest rates, possibilities, partnerships, JVs, OPM, etc.) when you shift to commercial (5+ units).I looked at Bryan/College Station a few times and it fell through our buying criteria having less than 250K in population.

Seller wants to close on the house without transferring the keys to me during the close and suggested that I change the locks as soon as I close. 

Assuming this is one of your first potential flips, the IRS wouldn't consider the flip to be part of a trade or business yet (recharacterizing the asset from an investment and changing the tax consequences). 

I could see this really helping to change the surrounding community as some of them will probably open up businesses or art galleries etc in the area .Just curious is it a certain age range that live in your properties or is it more a mix ?

Tenant shall provide a certificate of insurance to Landlord demonstrating that Tenant has procured the required insurance coverage, within ten (10) days after the commencement of the Term of this Lease and within ten (10) days after any renewal or change in such insurance coverage.

. :)  then it just starts to go down hill.also many times these high flyers are very late to change their lifestyles.. and that adds to the cash flow stress.I mean I was totally stressed in those days I got wrapped up in a Civil rico with one of them..

Some rural areas are very consistent and don't change even in down or up markets.

“Buyers are not just paying more for the same home; the mix of homes in the market is rapidly changing.”This is country-wide, but just imagine the rate it's happening at in Atlanta given the development, corporate success, announcements, cost of living, world class status, etc https://atlantaagentmagazine.com/2018/04/11/home-p...