Have your terms together on what type of return youre looking to get.....I would pitch this at a REIA meetup and funds....

You are better off getting a Principal and Interest loan since you would be in the low to mid 7s at that PPP term.

This is the ONLY place where the terms PORTION and SPACE are not used in reference to the business or rental usage, but I'm thinking this ultimately has to do with depreciation recapture only and not overall capital gains.Worksheet 3 shows that "Business or Rental Use of Home" is splitting up "Business" and "Home" versions of your gain/loss worksheet, further proving the point. 

Quote from @Diana Mulvihill: I think "soaking tub" is a more accurate term.

Be sure to check local regulations regarding short-term rentals as well.

If you give them a shorter term lease, do it at a higher rent as you are going to be inconvenienced trying to find a new tenant at what may be a hard time of year. 

Short answer: Possibly June of this year for full passage.Long answer: The proposal is going to face some open house/public comment sessions.

Quote from @Ravi Ramu: Hello Everyone,I'm hoping to get some advice on obtaining a short-term rental (STR) permit in Tobyhanna Township.

Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.

Also, everyone is anticipating much lower rates over the next 12-18months, so if you purchase today you will most likely refinance to a lower rate in the coming few years.With Real Estate it's important to remember not only that it is a long term investment, but that there are many ways to make money on the asset.