I would find out what the legally required notice period is and issue a notice of non-renewal immediately.

@Marysue ConnellyI'm not a lawyer and this isn't legal advice.Currently, if you want to discontinue a lease that is expiring, you simply need to provide a written notice to vacate to the tenant with the appropriate notice period - our lease agreement states 60 days unless a lease is month-to-month, Colorado law typically only requires 30 days notice.

Since no one with direct experience answered yet...I don't have direct experience but saw someone else go through the initial evaluation period.

The short term rental loophole is for rentals where the average stay period is 7 days or less.

Scenario 1 = It looks like you have $950,000 cash to pay off the mortgage balance off.You are getting $70,000 additional cash-flow$70,000 / $950,000 = 7.3% which is not bad considering this is just cash-flow and you likely get an additional 4% appreciation bringing your total return to around 11%The thing to consider is that you would then lose the mortgage interest deduction.Without that deduction, it may put you into taxable income territory.You may want to consider seller financing some of the properties and see if you can get 8% to 10% interest.it would guarantee you a return and still get you nice interest over a period of time.As I get older, I want my investments to be more 'simpler'

I can put X down and would you seller finance or lease option the rest for a 12 month period or 24 months so I can have 2 years of work history and then get conventional financing?

I periodically rotate my marketing, revisit my data, and check the market.

I've sold my Killeen rentals during the increase in prices, but even those probably did not beat the S&P during my hold period because they were cash flow negative and a long hold period.

Hi, I am buying a house in South Phili for a short or mid term rental.Anyone has an idea about how hard to take the license and general process and period of the licensing from the town?

Without commenting as to the ease or difficulty, passive or active aspect, here are a few commercial deals I’ve made outsized profits on in fairly short periods of time.