Investors will sometimes choose the second option / 40 year term because during the 10 year interest only period, the mortgage payments are lower compared to a 30 year fixed so more rent is going into the investor's pocket.

This creates a potential passive stream of income and a way to extend the lifespan of your coaching investment which seems awesome for your business model.Example: Ryan Serhant, advocates profit sharing (equity stakes) in deals that his coaches help close which takes you from coach to partner, and a model proven successful.Client View: Positioning yourself as a partner to their operation is a way for the client to understand your investment in their outcomes outside of the dollar signs involved, and shows them that you are coaching them in a way that provides long term success.

@Christopher Morris November of 2023 was one of the highest rate periods we have had in a long time.

Many leases extend as month-to-month after the initial term.

Typically though as part of this cancellation they give you a time period to fix the issue.

They insert a sock and I believe use an epoxy product to create a liner inside the old cast iron pipe significantly extending its life for much less cost.

Your mortgage lender may require you to file both 2022 and 20203 before extending a mortgage to you.   

(Note that this is the typical arrangement for Airbnb rentals and other temporary rental-type properties.)Rental property used on a transient basis is depreciated over a 39-year period, not over 27.5-years as is the case with longer-term residential rental property (LTR). 

The key factor is physical presence, which, as you mentioned, requires being in the U.S. for at least 183 days during the calendar year.However, it’s essential to note that the substantial presence rule can apply to foreign property owners who spend extended time in the U.S.

Truth be told, most will refinance their 5/7/10 year IO loan before it ever reaches the adjustable rate period.