In my experience, providing comfortable sleeping arrangements for families is key to attracting and retaining guests in a vacation rental.Regarding your question, I would recommend considering the space constraints of the room before adding a twin bunk bed.

Common fees will include a set-up fee, leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

I pay the bank with the amount I got and retain $40,000 (which was my equity).

You would also still retain flexibility if you want to sell it as well. 

> Generally speaking as a lender YOU NEVER subordinate your positionIs it possible to retain first position if you are the minority lender (as in this case)?

People stay on retainer to provide weekly, monthly checks of the house, as well as manage contractors for services like snow removal, cleaning, and remodel projects.

However, we plan to start retaining these in a long-term rental portfolio.

Actually my suggestion would be to retain the property as a rental and withdraw your cash through financing.

I always recommend homes that are most likely going to retain tenants the longest.

@Michael Hayes As the Consultant/Advisor who get's retained to do this, I can speak from my side of the table.