Ethical Leasing

[Christian Hutchinson]

I am in Michigan.  I have a Condo, I have found a great niche it appears.  I am near some new construction developments.  I was having challenges getting the the amount of money I wanted to generate the return I desired doing traditional leases.

Because of these new developments it appears there is a Healthy short-term rental market. People are willing to pay 3-6 months upfront while their home finishes being built, but they sold their previous home.  They then can renew for 3 months, or go on a month to month(at a higher rate than prepaying for 3 months).  I checked my local laws, in terms of landlord tenant, and didn't see anything illegal.

Is this good practice and is it ethical?