The profile of the tenants that are interested in staying (minimum term = 2 months) during the weekdays and clearing out for the weekends include:Young professionals that work in the local town and then commute home during the weekend; Students that may be living at home and want some personal space during the week; Budget-conscious guests that have done the math and recognize that they can stay for a nightly rate during the week that crushes any kind rates and quality of extended stay hotels; Folks relocating into town and want to reconnoiter on the weekends for a home to buy; and also Well-traveled individuals that are basing in Athens Georgia as a gateway to the area going on weekend trysts anyway.Here is the language that we have in the "weekday" lease for each bedroom.

. $1200 remove 1st floor bathroom ceiling inspect for mold and water damage, install new sheetrock, finish, and paint $650 Additional cost based on extent of plumbing repairs needed. at labor rate of $35 per hour Install 2 glass shower doors 1st and 2nd floor bathroom showers, $140 plus cost ****$150-200 per shower door**** replace broken/missing glass in attic window $60 replace broken glass in basement window $40 Replace front porch ceiling $600 Install drain pan and waste line from 2nd floor hot water heater $160 extend sewer ventiliatin line thru roof. $300 correct 1st floor shower water lines by reversing the cold and hot water. $150 Run electric for condensation pipe in basement $120 Run drain line from condendation pump into waste water drain, $70 Replace all attic duct with flexible insulated duct. $6 per linear foot Mortar interior section of chimney inside of attic $400 Mortar exterior section of chimney $600 secure all loose electrical wiring in basement $85 Tearoff and replace south side of main roof, $4400 Additional cost may apply if board replacement is needed due to rotting or broken boards.No quote on the foundation yet.

School extends too late and starts too soon; the season is down to about 8 weeks.)Obviously $25k would never work as return on a million invested.  

With the federal tax credit of 30%, which has been extended through 2019, I estimate that my payback period will be 9 years.  

Is it unusual to get extended terms (20-30yr?).

I would refi and extend to 20 years to keep the same payment.

No, it was in extended period.

Coordinate all sales through Keith Bailey: [email protected] Review Bulk Buyer Guidelines: www.milwaukee.gov/BulkBuyers View Extended Listing: www.milwaukee.gov/ExtendedListing

Imagine what it would take for 4 people to have the right chemistry to live together for an extended amount of time.  

@Shane Pearlman Here in Riverside County, there are  developments coming up everywhere and they are still extending out futher South towards San Diego.