Give them notice that they are not paying their rent in full and unless it is paid in full, they need to move or you will start the eviction process.

First, I went to the lender and asked if we could do a loan modification instead of me shopping around for a new loan that might not be with them at a lower rate and for a modest processing fee they did that.

Hey Sinuway, I'd recommend connecting with a few like minded lenders and realtors who could step you through the pre approval and negotiation process.

They paper push the file into processing to then find out they submitted wrong or it does not fit under a certain program.

(you can get the process started after 60 days) We have the 90 day season rule.

If you have a good screening process that checks all aspects of their background, you'll weed them out through other means.

I understand the business model, but I would like to see the thought process of someone actively running a Short term rental.

What data points are most important to you in your decision-making process?

Also, were there any challenges you faced in the process?

Literally covering everything so our entire mental process is just review and decision.