This was also confirmed when I went there to submit the required documents, but they couldn't give me a proper timeline on when it would happen claiming that they were backed up. 

You can try your luck to see how long it’ll take for the roots to re-grow, but be prepared to eventually make the proper repairs.

The actual penalty varies but it's often a step down or if a 5 year prepayment penalty term, it will be 5% of the original or unpaid mortgage balance if refinanced or sold in the first year, then 4% in the second year and then on down (the exact penalty varies which is why I mention both the original and unpaid mortgage balance.

A shorter minimum stay and dynamic pricing are great for attracting bookings during slower periods, though the trade-off with single-night weekend stays is definitely a balancing act.

This is the point that in my mind the house has reached a balance point and is stable.

If I have been given proper notice of move out, then generally I prorate the days past the move out date based on the actual monthly rent that month. 

Plus, Tennessee is a landlord-friendly state, which makes it easier to manage properties compared to more restrictive areas.There’s also a growing community of out-of-state investors looking at Memphis because it offers a great balance of affordability and return on investment.

@Sanjeev Advani I’m not saying they’re all like this but since Circle K bought 3 local convenience stores they have never been able to staff them properly or maintain employees.

You have to balance the cost of being below market with turnover costs.

In PCB and Destin, though, the balance between property prices and potential rental income is much better.