Two reasons:  1- it creates a system for you (same person always takes care of the lawn and is on a schedule) and everything runs better on systems2- it keeps the property looking nice (home is mowed at regular intervals) 

That's why NOLO created a legal guide for Landlords that covers every state . . . except California, which gets it's own book.The OP is in PA and I see no evidence of a requirement to paint at any particular interval.

Next moving down or to the right, however you want to setup your time interval you will put each period's net cash flow.  

We use month-to-month rental agreements and it is easy, because if we can't come to an agreement about what to do, we can terminate the agreement at the next monthly interval.

You then also have distributions to those investors, at some periodic interval.  

Or.... insert any number of bad outcomes here) ... bottom line is that you're left holding the bag and 100% of the liability for the house until they decide to buy it from you.The smart way to handle this is to get them a construction to permanent (A "C-P" loan)  financing loan, sell them the land, and build the house getting paid by the bank in draw intervals. 

Services for survivorsHarriet's Hope is open to any individual — no matter their gender identity or sexual orientation — who has experienced human trafficking or chronic homelessness, meets CMHA's income guidelines for a housing voucher and is ready to make a commitment to sobriety, Kendall said.Most residents will be identified through the Salvation Army, but referrals can come from anyone, anywhere, she said.What sets the community apart from others is that the services residents need are embedded within it, Kendall said.Services include substance abuse disorder treatment by Alvis, case management through the Salvation Army, gender-affirming case management through Kaleidoscope Youth Center, a computer lab furnished by Dell, a food pantry, nutritional services, financial literacy classes, peer support, employment readiness programs, legal aid, health screenings, child care and more.Residents will start out with a one-year lease before going month to month, Kendall said.

We also include information about their responsibility for pet nutrition, exercise, and toileting.

Larger needs at a younger age I'd suggest you match your needs to term policies, just cover the time required at different intervals of your life.

Would property taxes be set at short intervals?