Anything larger than that should be in it's own entity, IMO.

Option 1 is renew for one year with a small increase and option two is month-to-month with a larger monthly increase.

Lesson learned that I need to know more of what rent goes for (asking prices) and that there are larger costs that go into the sale or purchase of a house Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

If they have higher income they will be responsible for a larger portion of the rent.   

For some context, I am planning on starting my investing off with a house hack and gradually building a portfolio of small MF and later some larger MF apartments.

But well run small businesses and the mid-size and larger businesses should rebound. 

@Michael Plaks I hope banks are being given some incentive, but even assuming they don't, how is it different for larger SBs?

For larger properties (100+ units), it is common these days to have some amount "hard" (non-refundable) and no such thing as a "sellers disclosure".

I’m all for calling again but if I know there’s no point, rather spend my energy in a different direction.

The house needed a lot of work that at first just looked like small jobs but quickly added up to be a massive project and at the time we had other larger projects underway and this house took 4.5 months to finish.