Great thanks @Michael Smythe, in your experience can you itemize the tenants that have the Resident Benefit Package? 

@Clay Hall, I like a HELOC on my primary residence as an emergency fund, and wish I’d had that extra money when I got started, simply as reserves.  

The main difference here is your clientele/residents.  

Irs determination “You're considered to use a dwelling unit as a residence if you use it for personal purposes during the tax year for a number of days that's more than the greater of: 14 days, or. 10% of the total days you rent it to others at a fair rental price.”

Investment Info:Single-family residence fix & flip investment in San Juan Capistrano.

Hey my name is Julian Frazier, I am a nineteen year old resident of Cincinnati, Ohio.

My wife and I own a condo as our primary residence, we owe 216k on it.

I currently reside in CO so looking to invest remotely.ThanksHi Mathew, I would also recommend looking into the Columbus OH market if you're planning to do BRRRRs.

We gave them the option to move if they needed to - and by doing it the way we did it, it gave them time at their old rate to absorb the news and make a decision for themselves without them being under extreme pressure to move immediately.  

If I were in your shoes and you wanted to keep them on MTM I would have them still sign a MTM lease and make the one resident pay a deposit, assuming you can sign new MTM leases in your area.I personally would still probably shift them to longer-term leases anyway, but it's not a bad idea to feel them out for a few months.