Property management, maintenance, and leasing are all built into the ecosystem.Since you're both new but committed, connecting with the right team early; investor-friendly agents, transparent property managers, and solid local contacts, will make the learning curve much easier.

Committing to the process is key!

I'd be honest and let them know you'd still love to keep them if they're open to it but if they’ve already made a firm commitment elsewhere, it’s best to focus your energy on re-listing the property.

I Think for a killer off market purchase10%may be justified  anything from the ml and t is way too high (look at syndication offers acquisition fees for a reference).   

It takes consistency and commitment, and few households will have that.Wait until they move out, then clean the place of any food crumbs, etc. 

I’ve got strong credit, stable income, and I’m committed to taking action—but I want to make sure I’m moving strategically.

@Seth McGathey you don t need appreciation if you have a long term lease in place that has a yearly ConC return of 100% from managing a property. 

I want to start my journey now so I am ready to commit full time when I retire.

When we offer lease renewals, we typically present two options:12-month renewal at the standard market rate, andMonth-to-month (MTM) option at a higher rate — usually $200–$300 more per month.The goal is to encourage tenants to commit to a longer lease, especially if the current term ends during the high season.

(I have experience running a car dealership in the state and have the legacy mechanic and lot manager committed to staying on)Course of action 2: I try to find funding to purchase the entire property as mixed use (I plan to develop a parcel for my primary residence to live with my family while running the business)Course of action 3: I stay in my current W2 job out of state, apply for a loan to purchase the property, and run the business from afar (I would become a passive investor in the business and owner of the property).