Something that you really have to take into consideration is that most buildings here are a century old or even older.

Don't think because the building is ocean front that the unit you like has an amazing ocean view.

However, I want to ensure that my rental contract is comprehensive and protects both my interests and those of my tenants.I'd greatly appreciate any advice or tips on what to include in a medium-term rental contract.

I have read many posts, but many are old and may not be looking at a single building vs complex. 

Adjustable-Rate: If you plan to refinance, we can discuss fixed-rate and adjustable-rate mortgage options that suit your long-term goals.Cash-Out Refinance: Once the property appreciates, a cash-out refinance can provide funds for further investments or renovations.Living in the property initially helps you build equity faster.Your townhouse investment is a promising venture.

Then you can start to build your team in that area. 

I have been working with investors over the last 3 years helping them find good deals on land in desirable locations and then building a new house on it to resell.

We are looking for houses with larger lots and favorable zoning to utilize our owner occupied loans and subdivide and build while we work there.

My business partner and I created Quality First Builders, LLC, to build new construction spec homes in the Triangle and surrounding areas.

There may be additional zoning or building requirements depending on the number of rooms in the unit.