In other words, unless the lease agreement says you need to give notice to terminate, the default action in my state would be that at the end of the lease term, the lease is automatically terminated unless both parties agree to an extension.Check your lease agreement and your local laws, and take the appropriate action to ensure that the agreement is terminated on the end date of the lease.

I plan to write a very strict lease to ensure more protection( any student lease sample will be greatly appreciately).3.

Also, I would like to ensure I have the option of raising the rent for new tenants (didn’t increase it at all for the current ones).I hope some of you who have used this type of clauses in the lease can help me with suggestions.

How do I ensure that I get paid and not get cut out of a deal??

Locally, we were told last week about a pending matter for exterior paint removal without proper certification or safety measures.Here is the link for the EPA published guide explaining the rule: http://epa.gov/lead/pubs/sbcomplianceguide.pdf Our understanding is that the EPA has spent the last year just catching up, and we are scheduled to be at a conference where the EPA will outline their plans to enforce compliance & educate the consumer to more adequately ensure compliance.

Any smart investor will want to minimize risk by doing due diligence to ensure they are making a smart decision, and the potential return outweighs the risk they are taking.

That leaves $200/month to cover all your other costs, which may include:- Taxes- Insurance- Vacancy (when you're not getting rent)- Turnover Costs- Maintenance- Capital Costs- Etc...Those things will most likely eat up more than $200/month on-average, so you need to be prepared to come out of pocket to ensure that you can cover your costs.If this were a long-term hold, it would likely be considered a bad investment, as you'll almost certainly spend more each month (on average) than you earning (long term).

Assuming your $800/month in mortgage doesn't include taxes/insurance already, you'll probably want closer to $1600+ to ensure that all your expenses are covered each month over the long-term.As others have suggested, do a search on "50% rule" here on BP...

In my contract it says it is the buyer's responsibility to ensure no certificate of occupancy is needed, where do I find this out?

The also ensuring if you will be making changes or in need of someone else to do that for you.