Originally posted by @James Rowe:I’m working on my expenses spreadsheet for purchasing my first STR cabin near Gatlinburg.

I will work with the tenants and see what works for them while sticking to my original plan of raising rents by $200 a month until fair market price is reached. 

I included links in the original post, but maybe that isn't allowed.

As for the original post, I think something like this works best if it is concrete: dates (say the last week of July and December), monetary consideration (I would suggest a separate sublet provision wherein you pay them for use, rather than working out rent credits), insurance and liability requirements, etc.

If it takes you two months to find a replacement renter, then the original tenant must pay you two months of rent.

The original plan was to use the equity to build in a few years, but we were blessed with triplets so things got a lot tighter.

When lawmakers wrote these provisions, they were originally intended to be used by hotels and motels rather than VRBO and AirBnB hosts.

I originally planned on using a hard money renovation loan, assuming I can pay it off with a refinance. 4.

Sorry to hear that…😞 I regret for commenting earlier… I was going off your first original post.

It was written legally that I am able to purchase the house from the trust for the original purchase price.