The acquaintance is out of state (where he owns another house) for an extended period of time and is allowing us to stay.  

Besides the rental market being strong, the Bernalillo CARES Act website just extended their online application process thru December, so even existing tenants that are having difficulty with job, rent, or utilities can get aid. 

It was being used as an extended family for the last 4 years, one unit will start renting out at the beginning of 2021.

It assures me that they aren’t over-extending themselves into a living situation they can’t afford and it’s brought me even more peace of mind than the 1st&last’s security deposit ever had while making me happy to invest my time & money assisting the family w/ tailoring the unit to their needs (mounting tv’s, making minor repairs to squeaky floors, sticky cabinets, childproofing, etc) so they don’t attempt to try their hand at amateurly repairing things themselves which always makes things worseThe increased fee has made me rationalize the time/cost investment of time while also strengthening the  relationship & respect (both ways) than I’ve had with the average tenant. 

@Brianne BalogaPartnership returns are normally due March 15 with the possibility to extend to September 15.

For cold belt states with extended extreme winters this is bad news.

They of course own the improvements for depreciation purposes for the duration of their lease. 

@Jack McWatters From what I've seen, the easiest to convert to apartments are extended stay hotels/motels that already have a small kitchen + a bedroom that's actually walled off and separated. 

It is possible the owner has over extended his/herself on the property and have a bottom line number they need to walk away without money out of pocket.

@Caleb Bryant @Matt DeMastus   I will absolutely extend the invite!