My question is can I use my own standard lease form modified to reflect the major elements of the existing lease (assuming that the tenant is in agreement) or would I be better advised to keep the exact wording of the existing lease and just change the relevant names and dates?

I see buying this type of real estate beneficial; perhaps more beneficial compared to SFHs because of the multiple streams of income I can potentially gather off of the one property.

It's entertaining to me that people compare things at the state level. 

You really want to find a similar home with the same amenities nearby to compare to.

Never overpay compared to recent comps.

I have only dealt with financing for a small duplex and also trucks which is too small to compare to our current upcoming deal we want. 

Find out if the property is in a flood zone, what are the taxes compared to other adjacent neighborhoods, are there HOA, or other monthly or annual fee's. 

Alabama equals great cashflow compared to the Bay Area...and a little appreciation............nice work sir.

I recognize the ROI isn't super exciting compared to a lot of what's discussed here.PeterView report*This link comes directly from our calculators, based on information input by the member who posted.

I am currently basing the rents on the comparable local market with 2Bed1Ba with roughly the same sq footage .