You have to be very careful mixing business and family and should only do it if you're on good terms, level-headed and on the same wave-length strategy wise.

In fact, even leases exceeding three years in length will trigger the clause, as well as contract for deeds, land contracts, etc.That being said, many properties are sold despite this violation of the mortgage/deed of trust, and very few are accelerated by the lien holder. 

However my realtor / property manager assures me that almost no one pulls permits in this fashion in my market (Huntsville, AL), and that the length of time since the remodel transpired means we're probably OK. 

The rules have actually just changed in Chicago and the amount of notice is now dependant on the length of tenancy.

A big problem as you might of already seen is that could take months if not years depending on the extent of repairs and the length of time it sat on the market or it may have been something the owners wanted to live in so it never even was listed for sale.

This is by far the most significant benefit and can meaningfully enhance the total return to investors in these projects who are patient enough to hold for this length of time.

Although this is the high desert, neighborhoods still do exist and many inexperienced out-of-area agents have no clue and think the desert is the desert.Los Angeles County is definitely not friendly towards STRs and most cities require the owner to be on-site the entire length of a guest's stay which means you are either renting out a room or a guest house which is not ideal.

Prepayment penalties range from 1-5 years and you get to decide the length of the term.

The amount of equity in the property, interest rate on the note, terms, seasoning (length of time the payer has madeAlthough possible in theory, it is very rare for notes to be sold at par or no discount.

I can see what people are booking, what they pay, average daily rate, length of stay, where the people are from, what they like, and what they didn’t.