They can't keep claiming they don't have time to find a place to stay as they've had time. 

If he doesn't need the cash now, you could also negotiate a split you're comfortable with to get him the return you and he feel he should have at the point you refi when the balloon payment comes due. 

Are you looking to stay in the city? 

What we've learned is that Sec 8 residents would usually stay longer than a non-Sec-8 resident.

Success doesn’t come overnight, but if you stay focused and keep pushing forward, the results will blow your mind.Education without execution is just plain entertainment. 

LTV & CreditEliminate the emotion and treat this like the business it is.In my opinion it does not matter who the borrower is as long as they have a track record of ATR (Credit)And I feel comfortable with the leverage (LTV)

Most softwares will list (at least) name of guest, stay dates, ADR, and revenue to owner.

Buy a quality property, stay away from the hood, rehab it as if you would move in, take your time picking a tenant, you'll be find.

Sometimes I have to show clients the math for them to get comfortable with it. 

@Katie Lyon Because our weather is more temperate over the winter months, we have much more consistency in demand across all times of the year, so typically the market stays fairly consistent through all seasons.