For long-term planning, consider transferring the property into a trust to manage tax and legal complexities.This post does not create a CPA-Client relationship.

Additionally, regarding the legal structure, an LLC seems to be the most suitable option for our situation.

Many would be surprised to learn that about half of all states allow discrimination based on marital status, meaning a landlord can reject applicants that are not related and not legally married.As always, it's important to know the laws of your jurisdiction.

Offering discounts for weekday or longer stays could also help improve occupancy.

What happens during periods when the demand for legal work is lower?

For example, I will tell them they must be out within 30 days, but they can leave at any time during that 30 days without just one week of notice.If they reject my offer, then I start to ramp up the leverage.

They also made the parties sign some kind of disclosure stating they were doing everything legally. 

Make sure to get legal advice on what you can and can’t do for bill back and what kind of notice period is required in your state. 

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

If you are hiring a legal licensed contractor , he will provide you with a contract .