Typically the duration of private mortgage notes is for 2-3-5 years with a ballon payment (full note balance minus any principal payments) due at the end of the term.

One other thing, don't buy home warranties, or extended warranties on appliances. 

You see LPs exiting syndication is very uncommon because they typically invest with the understanding that their capital is committed for the entire duration of the investment period, which is mostly outlined in the offering documents at least all smart sponsors do that.

@David Lee Hall, IIIWe use Sherwin William's Duration paint for everything.

Since we scaled up we are in a buyer group which just provides us heavy discounts that we extend to our clients. 

We do not allow holding agreements to extend past 10 days.

Those relationships do not extend to the customer .

So extending the loan adds an extra cost.New rate caps may be required: Lenders often require the borrower to purchase new interest rate caps in order to exercise an extension option.

I did extend the offer for them to break the lease but I expect them to reject it because they really want to stay on their terms (e.g. me replacing the carpet). 

As a general rule, If tenants occupy the property for 30 days or more, they are generally treated like long-term tenants, with the primary difference being specific terms in the lease agreement tailored to the mid-term duration.