From an operational stand point this also gives us the ability to non-renew any tenants for any reason once they're month-to-month, as opposed to having to build up 5 day notices, 14 days, and going through with evictions if we have an issue arise with a tenant. 

@Kristyn Grimes I noticed you said "how do you find someone not trying to grab deals out from under you?"

Forclosure notice?)

Baltimore city has a convenient site to look up if a property got some code violations.https://cels.baltimorehousing.I...However, it looks like the violation notices there don't show exactly what the issue was.

Have other people noticed the market being overly hot recently? 

The price to paint, or reroof doesn't decrease that much for a sub $1000 per month rental.

Tina I saw the calculator and then noticed your from Detroit, MI.

If violates the lease, put it in writing and send him a warning notice via certified mail. 

Put it in writing and give the necessary advance notice for your state. 

Ultimately you're solving problems in real estate and if the difference of market rent to his rent is XYZ$, then decrease that from the purchase price.