The main thing was monetary reasons.

Yes, Forrest was, and is, correct.All that being written I have to ask, since I am a Doubting Thomas, do you have any affiliation with Grumpy Hare ( I have never heard of it before), monetary or otherwise?

@Ray Hage In short, it is not advisable to go down this rabbit hole in my experience.

I was initially looking for a turnkey property but after finding this deal and going down the rabbit hole it has turned into a BRRRR.Property is well priced and seller agreed to lower price after inspection was done and scope of work completed by GC.

We couldnt have a large hole in the ground fill up with water that we were going to place a septic tank in.

Not to mention its old but the soil is a big issue then just drive on the roads that is Yazoo clay popping up and creating the pot holes and I have seen roads heave 6 inchs to a foot after a big rain..

A lot of investors don’t understand all the tools that are available to them because you would have to talk to someone that strategizes taxes i.e CPA, enrolled agent, tax lawyer etc. in order to use the short term loop hole, you must rent your STR for 15 days or more and be no greater than avg stay of 7 days.

As for the original post, I think something like this works best if it is concrete: dates (say the last week of July and December), monetary consideration (I would suggest a separate sublet provision wherein you pay them for use, rather than working out rent credits), insurance and liability requirements, etc.

I can understand the rabbit hole you are deep down in right now!

And, you have an additional $3k in drywall work that wasn't planned because the electrician needs to cut holes to pull the new wires.