We don't want to over extend ourselves and be carrying the note. 

If they catch you, they will drop you like a hot potato.You can rent to someone for a fixed term of 6+ months and then renew or extend on a month-to-month basis.

I think limiting the number of cars to 2 will resolve my problem to some great extend...I don't think there is any rules about cars out there. is there?

The are inherited tenants from previous owner and now I feel we did mistake to extend contract with them for the next year of April 2019.

If every applicant wanted to pay lower rent, and I was unable to find an applicant after an extended period of time I would relist it at a lower rate.

It allows for overnight guests but extended stays must be approved by landlord.

Worst case you ask your lender to extend it.

We are at the end of our construction loan (which has already been extended once due to our contractor taking FOREVER) and not only are we out of time, but we are out of money.

Good locationsAdd valueCash flowLong term debtReservesWorks for all market cycles.Buy in locations where the risk of not being able to pay the mortgage for extended periods of time is zero.

Extending the drain some...