It is one of the reasons rent by room is more difficult to manage.I have no experience with rent by room and the associated common space.  

We have a balance of 266K on the mortgage @ 3 percent interest.

According to the Texas A&M Real Estate Center, we find a balanced real estate market at around 6.5 months of inventory.

This will cost time and money and can be just as difficult as moving away from home.If you want to make it you'll need to do some hard things and make some hard decisions.

We want to believe in the best in you however its been a difficult situation we have all found ourselves in.Being a stand up man, being human, and understanding you are destroying futures of families and people who had nothing but good intentions to work with you.

Typically, you'll have something like a 10 year draw period with interest-only payments, and then the balance is amortized over 20 years.

If the work is not 100% complete by the end of the Escrow period, may implement a .50% (on total loan balance) extension fee that will cover an additional construction term of 60 days.

The quaility of old existing units, and the ability of the long term population to pay new rents, blended with an influx of small high end mill conversion units is simply not balanced.

Without the complimentary service very difficult to make meaningful margin. 

Johnson City could be a great spot for STRs, especially if you focus on hospital staff rotations, visiting professors, or traveling professionals, which would balance out any seasonal dips in tourism.For STRs, consider targeting weekend travelers exploring the Appalachian Trail, Boone Lake, or local festivals.