Thanks for the call out Andrew - the MAREI Meeting is TONIGHT and Kyle Niemann will have a 10 minute Market Update at 7:00. 

Do you see a big increase in value after holding it for that short of a period?

Does the monthly verbiage in a traditional lease need to be updated to reflect the weekly collection?

Stay on their email list with updates, choose the operator that has the best investment thesis, track record/experience, and deal.

Financing- build a relationship with a regional banker, don’t shop for interest rates, start small and build history and loyalty they are your team, Cross collateralize, deposit CD/MM or custodial account with bank for loan, give them monthly updates, nail your deal analysis, do stress tests on your deal analysis-cost/interest rate/deal length/ sale price etc. 12.

Make sure you update your insurance policy.

Any updates ?

Even better if it needs some updating, and better yet if that's enough to get yourself a small multi in your market. 

After the property is acquired, during any 30-month period, the additions to the basis need to exceed the adjusted basis at the start of the 30-month period.What is the 50% of gross income test?

I would love to keep it as a rental but at this time I think it would take too long for the rent values to increase enough to make sense Worst case scenario is I have to hold the home for an extended period if the market decreases short term.