I've had some rentals that are 2% or even 3% rule, but I've never seen a $500,000 house in my area rent for $15,000 a month.A friend of mine does rent short term, all inclusive condo rentals to movie stars and other famous people like professional athletes. 

Had hands on their guns, and the spread out across the front yard - like what you would see in a movie.

It's not fair and you'll have an argument on your hands.Noise - tell them they are expected to listen to music and movies and TV or whatever - with headphones.They must have their own phone.Laundry - have laundry rules if you have laundry facilities.Advertise for commuters, if you have a market for that - people who need a place to rent during the week for their job, but have a home they go to on weekends.Advertise for med or law students  - they are quiet and just want a quiet room where they can study.Another good roommate option is a fireman/woman.  

You making a movie?

(See Pacific Heights-the movie)  People who are in Possession of the home without a lease agreement, or listed as Occupants, are "Squatters".  

I say that because you can buy yourself a mansion for $300,000 with a 3 car garage, a movie theater and a pool.  

Watch the movie "PACIFIC HEIGHTS".... guaranteed to make you think twice about accepting a wad of cash up front and unconventional terms. :-)

This is much different from our first unit in Charlotte NC, as it's an endcap space in a lifestyle shopping center (think high end retail, movie theater, dining, etc).  

Otherwise, if you do have to evict them yourself,  it will probably be at least 60 days before you can movie in, but that 6 month clock Nick was talking about won't start ticking until they're out. 

Having the primary intent of resale does not constitute holding for productive use so no on the 1031.However, suppose you are meaning to hold that new house for rent or long term appreciation or as a movie set or a house of ill repute - anything but to immediately resell.