However, you could do a mix of both, for example you could create paid advertising to promote specials/rates, partner with a local restaurant to have some type of a collaboration that includes a free drink with a stay, or you could switch to longer rentals.

We do not drink but I wasn't opposed to providing a local wine that was fun.

Be long hard assets, and long cash against forces that make you blink.

Hana,Great question and the good news for you is you paid for the appraisal so it belongs to you and it can be used at another bank.

Pair that with maybe professors, traveling nurses (they would be longer than a week) or other corporate business I think I’ve found a niche here.  

Folks just drink the cool aid of guaranteed rent..

Why give burglers a layout of your house and your belongings?

I also require my tenants of any length (I only rent for 30+ days) to have their own renters insurance for their own belongings so I don't see any big issue with having your part-time tenants get renters insurance and then making sure that your own homeowners policy is aware that there are others living in your home but that they have separate renters insurance.

One lost a car and all his belongings in the lower level of his house.

I actually make my own greens smoothy / drink often but when I am on a writing heater and don’t want to pause, I grab some AG1.