If you are taking ownership of rental that has tenants and is currently occupied remember to notify them that there has been a change in management. This way they know what is going on, where to send their rents, and what will be happening to their property. It gives them peace of mind and also helps get you as the landlord the opportunity to jump start the logistics of setting up a tenant in your system. The picture is of a sample letter.
-Mike from TerraVestra Property Management