Wow, I'm actually a little more literate than spelling "here" VS  "Hear" !

If you are selling vinyl, you should know how to spell it.The most important thing in a listing is that it is clear to the average reader.

I am not use to RE terms so it will help if you just spell things out for me.

I'm not looking for anything to be negotiated or spelled out right now. 

Or do you have to spell it out?

It is true that most mortgages will spell out the requirements of a second home vs a vacation rental and that they can come after you for the full amount of the loan if it is violated, but I personally have never heard of that happening.

Of course I'm old school -- in my day you just had to know how to spell your own damn self anyway.

It turned out there is a much bigger lien that the title company didn't pick up, reason being the city spelled owners name wrong. 

For the current long term guests - If your lease spells out how long they can stay then hold them to that. 

Of course you need to vet your potential renters very carefully and spell out all the detail in the contract but it does leave only the "pearls" top 3% of desirable  renters who you can count on to deliver consistent rent and not trash your place So your choice will be tough.