This is a declining market with 3 of the DC area jurisdictions recently passing legislation limiting how many days you can AirBnB a property, and limiting it to owner occupants only.

The hotel might make 8.0% a year, but the exit in 5-10 years is very murky and uncertain- hotel revenues and cap rates can fluctuate wildly during a downturn. 

Keep in mind that lease language can not contravene state legislation.

You need to arrange a meeting with her if you are uncertain and put the question to her to explain her past infractions.

If this is the case then TAW is in fact M2M and all regulations apply as with a term lease.Not much help I know but hopefully a MA landlord will point you to th eproper legislation.

Their intention is to renovated it first then live there for an uncertain number of year (probably less than 5). 

If so you can then take them to court for additional damage costs instead of rent assuming your state legislation allowse deposits to cover rent.

A few years back (80's or 90's) a string of murders triggered this legislation.

I feel like this should be prefaced  with the fact that I understand the nuisances cranes/construction cause via traffic and everything else (I, too, live in UTC).That said, I think those who incessantly complain about the issue and seek legislative change to stop it are almost always some combination of selfish, shortsighted, and/or stupid.Typically speaking, you should not mind cranes or construction in areas where you invest for a few reasons - I’m not sure that environmental variation is among the most important/obvious.What is obvious, though, is the fact that cranes/construction are pretty good evidence that you’ve placed yourself in the path of progress.

Apparently legislators are work-shopping a bill to close this loophole, but who knows on the timeline.https://realestate.cleveland.com/realestate-news/2018/08/big_big_money_legal_loopholes.html#incart_river_index