Maybe to have extra cash for repairs. 

I'm soon closing on a multi-family property that has some extra space that's begging to find a better use. 

The least risk would be to use the extra 100k a year to buy bonds and then sell the bonds to pay the mortgage each month.

With all of that said, my main goal is to have long term appreciation and if there is a little extra cashflow at the end of the month, great. 

Binghamton is an extra hour you don’t need to drive. 

Quote from @Marc Shin: Should i be providing disposable toothbrushes and extra toothpaste to guests? 

Likely it is just a quit claim deed to your new name, however, also note that some states (ie MI - requires another form to be filled out and it changes our taxes - or can change them....).Get the help you need to make sure it is done right without costing you extra down the road.  

I've allowed pets in my STR for five years and haven't had any problems except some extra cleaning a couple times, which was paid for by the guest. 

Yesterday, the landlord stated that it was their impression that we had agreed to painting not only the two rooms but extra rooms as well and now they are saying they are going to void the clause and raise the rent back to $3200, or we have to paint extra rooms not agreed upon.

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