Hi James,How did the basement work out?  

There is no new legal binding contract in place yet..... if they are in-fighting, you have every right to get that worked out before any contrsct is signedI would basically set a date for their final decision..... and let them make it....Three outcomes(1) Two girls stay and renew and find another roommate you screen and approve- until then they pay ALL the rent(2) They all agree to suck it up and all renew..... probably wont work out in long run....(3) The girls go and he stays....you lose 2/3 of tenants.... not a great choice(4) All three are out and you start again.....Personally if the 2 girls have been good tenants and they want him gone, I err towards their decision...... they are kicking him to the curb......not you

You could also find a partner if the private money and owner finance route does not work out .

I was curious if this area in TN was seeing something similar where 1 night bookings did not work out well or are you finding that you get quality guests only looking to stay one night for one reason or another.Thanks for your replies.

It likely won’t work out well.....they rarely can actually buy later, they stop paying rent, you have to evict, repair, and you keep it as a normal rental.

If one doesnt work out, then do the other.

Doesn't sounds like the numbers work out and your rent should cover the mortgage.

I worked on this with my accountant so I feel it's correct but I'm wondering about how the sales tax will work out.  

The more we talk through this the more hairy it seems to get --BUT let me ask...when would these scenarios work out ??

@Paul Dickinson Im sorry it didn't work out.