It could say if neither party gives termination notice it automatically renews and will define the term. 

This is something that your city should have well defined and published.  

If that's the case, the next thing to define is what is active or passive for you? 

Pashew,It sounds like you need to define what you're looking to do for people to give advice.

Define your criteria.

Define the relationship in your partnership agreement, there's a lot of pitfalls, but it can be done.

Business loans are going to need a defined purpose.

What do you define as going big?

Fannie defines this if the condo project allows for short term rentals (which is anything under 30 days again by Fannie definition)  then the property is a condotel. 

Shouldn’t one favor more liquidity and less debt if looking down the barrel of another recession.Distinguishing “good” debt and “bad” debt is a good place to start here since all debt is not created equal.Investopedia defines good debt as:Good debt is often exemplified in the old adage “it takes money to make money.”