Naturally, longer-term tenants would create a substantial reimbursement, so maybe discontinue additional collections after 5 yrs, or a rent-reduction for 'long-term' residents.  

Renters have been in unit for 3.5 yrs- very good tenants - now on month to month.   

hi we are thinking about turning our primary house into a short term rental (have lived for two yrs) and getting a new primary near by (10 min away different city).

The homes have to be your primary for 2 of the past 5 yrs.  

Worst case, they move out, you update the property, it may need it after 15 yrs.

I am 24 yrs old and live in Passaic and want something that isn’t more than 40 mins away unless it’s actually worth it. 

This is assuming everything is new and the cost to replace upon end of useful life: i.e. roof $25/mo, HVAC $15/mo, New kitchen and baths every 15 yrs, decking, exterior repaint, etc.  

Of course there will be a shorter loan term (usually 5 yrs), potential shorter amortization (15-25), and higher interest rate. 

We have forced appreciation and each property that hits a $1,450,000 or higher valuation we refinance as many of these as we can on Freddie Small Balance loans, first 2-3 yrs interest only, 10 yrs fixed under 4% fixed.  

so actually I want to propose for lease option to seller;are there any base rules to follow to calculate the rent, option fee, purchase after agreement price comparing current value, etcsuppose a house is valued at 200,000 what should I propose to buy it after 3 yrs lease or 6 yrs lease?