Hi Dilini,To make sure everything goes smoothly while the seller stays in the property for two months after your purchase, you'll want to set up a couple of agreements. 

Stores that have since moved-in to the space include Costco, HomeGoods, Petco, Hobby Lobby, Dick’s Sporting Goods, Field and Stream, Best Buy, and Ashley Furniture Home Store.Transit Oriented/Mix-Use Developments- Mobile Bay Bridge Project is said to begin in 2020, costing $2.1 billion and consisting of a six-lane cable stay bridge over the Mobile Bay connecting Mobile and Eastern Shore.

In fact, when you think about it, in terms of length of stay, they are closer to STR.The one fact that the “MTR are really LTR” crowd seems to be hanging their hat on is that any stays of 30 days or more provides the tenant with normal “tenancy rights” in most jurisdictions.  

Here are a few:Pros: -Reliable rent paid every month-Stable tenants that typically stay in the unit for a long time-Purchase prices are typically lower so easier barrier to entryCons:-Getting the files onboarded and processed is very tedious.  

Your lender will likely base the loan off just one income/credit though (at least that's how my lenders have done it)I would personally advise against it - life is a windy road and you never know when one of you may want out of the deal even if both have full intent to stay in from the onset.

Most of the people from Airbnb actually stay a few months at a time, I have monthly rates to encourage people stay for a month.

The seller retains legal title until the contract is fulfilled.Advantages:Lower Upfront Costs: You can avoid closing costs typically associated with formal closings.Control: You can take control of the property to make repairs and sell it while leaving the original financing in place.More Flexibility: Compared to a novation, a land contract offers you more control over the property since you hold equitable interest.Risks:Seller’s Cooperation: The seller retains legal title, which can complicate things if they change their mind or their financial situation worsens.Resale Issues: FHA buyers may require the deed to be in your name for 90 days before they can purchase, which could slow down your resale plans.Subject-To FinancingHow It Works: In a subject-to deal, you take title to the property while the seller’s existing mortgage stays in place.

However, I have found that in Seattle, most investors stay away due to the stringent renting laws and the high cost of real estate.

Covid emergency has officially ended but for some reason there is more applicants with bad rental histories that are begging for fresh start.

Stay informed, adjust your strategies, and make the most of the opportunities ahead.The Palm Beach real estate market is shifting, but with the right approach, it’s full of potential for everyone involved!