Several reasons: market rates, cost of operations, risks of the tenant in particular, rental history, turnover potential, loss of rent during turnover period, "hot" or "cold" market, etc.

Here's an overview of the periods they should consider:Monthly Leases - 15 days of notice.Leases That Last a Year or Less - 15 days of notice.Leases Without a Specified Period - 15 days of notice.Leases That Last Over a Year - 30 days of notice.If you've met the requirement of giving notice, then you can legally require them to leave by a specific date/time and change the locks the second they are out.

The power of tax-free compounding growth can be really meaningful over long periods of time.

You don't have a grace period in that lease and I don't believe PA requires a grace period.

What kind of hold period do you need to achieve the 16% IRR  while you are earning the 7% monthly rate?  

We accept cash, credit, check at any time of the month, for any period of time.  

This is a bad application of the law if this is suggested. 2) Some people say 27.5 years and some say 39 year depreciation - look to the average period of stay in your STR. 

That's a unicorn setting to step into and then extended term low rates is also something we may not see again in our lifetimes.

Distressed homes are hard to find, and I am learning that I don't have the fortitude to withstand the rehab process.My goal continues to be finding residential and commercial (office/conference space) property for rental purposes over a one- to five-year period.

I'm looking to see what others ask in terms of programs the tenant is on, details of voucher, waiting/inspection periods or any other pertinent questions?