So this is probably a perfect situation to just convert to a month to month lease, right?

There isn't a perfect number for that.

I'm competing with two different groups: New apartment buildings with top rents and new commercial furniture and older properties with 40%-50% of the rent and yard sale furniture.I decided to split the balance and furnish my houses with matching IKEA furniture, at least for the first few years until I can afford the good, indestructible commercial stuff.

I agree in principal, but it's just not feasible to get the perfect deal in my market.

." ::-)Turns out the tenant's kid had been playing with matches in one of the upstairs bedrooms and had started a really good fire.

But, to perfect that lien would require a hearing before it expires.

Your lender holds a deed of trust that perfects their interest in the title to ownership.

You have a perfect benchmark located close to this property that gives you a solid base for many of the inputs to your analysis.

Actually it sounds perfect.

I will not state that every single property closes, it is not a perfect world and if you have a perfect record - congrats - you would be the first investor of that kind.