We’ve had books, conferences, our paid membership, and networking between businesses and investors the duration of my tenure.

Does the duration get extended to ensure safe units are not removed from the market?

It also makes leases themselves pointless in terms of duration.

To qualify, property owners must meet specific criteria:Guest stay duration: Rentals must average no more than seven days per guest.Service level: Owners must provide services comparable to a hotel, such as daily cleaning, meals, or transportation.

You could ladder the duration.

He uses one of the units to live in when he is in the area and to fulfill the 1-year duration he has this as his primary.

(don't think we have time or knowledge to pursue that) . alternatively the lender has asked us to work with a commercial lender.. we have not done any commercial loans so far, but basic research provides core diff is the 30 yrs vs shorter duration 10-15yrs in commercial + ARM (floating). 

My unit count is much less but the duration is around 50 years (combined my mom’s rentals and my rentals) without paying a tenant to leave or having to do an eviction.  

I LOVE these deals because you will essentially get a free loan for that duration to complete your renovations.Best of luck with your two projects this year, and reach out if you want to discuss more details.Phillip DakhnovetsGuardian Property Management & MaintenanceHi Elvis, you will need to fill out a constrcution permit if you are doing a major renovation, which requires a inspection from the city to ensure the code is followed.

I have always preferred to use an agent to rent out my BK units, as I find renters that are paying the fee are more likely to stay for longer durations, and be better qualified tenants.