You're not going to get professional results from a tenant and it's not worth the effort to try and police them to ensure it's getting done.

But Hey, if you have the cash to do so to establish your credibility,, then you have no worries other than ensuring things work out performance and sales wise as projected. 

By guaranteeing the lease, the current tenant ensures that all his obligations are met until the new tenant moves in?

This is just a good business practice and gives both the Buyer and Seller an opportunity to ensure they are on the same page.  

This will ensure that you receive notification before the policy lapses or if they try to cancel coverage.Why you would rent to a tenant with a dog:1.

Do you have the person handle the front end activities (advertising the properties, showings, leasing, customer service, dispatching) as well as back office (collections, bookkeeping, technology/CRM)?  

.- Ensure your agent posted the property to your multiple listing service (“MLS”) and it has syndicated to all other real estate affiliated websites.AND price it competitively..... 

You need a team of local professionals like property inspectors, property managers, contractors, agents etc. to ensure that you are not missing anything during the deal.A local Investor-Agent can help shorten your learning curve and save you a lot of headaches as they tend to understand the market better.All the best!

But be careful not to "over improve the property" and ensure the design/style of the property is in line with the subdivision. 

Would it be a bookkeeping nightmare to try roll both of these retirement accounts into one SDIRA to purchase a property of about $170,000?