I live at Big White Ski Resort in Kelowna BC, Canada. 5 months of winter and 3 months of summer tourism has just been added because they’ve introduced downhill biking.

Makesure you understand the implications of adding wife the the company. 

I added the photo from the inspection report. 

This encourages them to pay the last month of rent and leave house clean so that they get their large deposit back.If they get behind or break the lease, this extra helps offset what they owe plus any damage or cleaning you have to take care of.It is a small percentage of the time that someone turns in a 30 day notice and leaves the place clean and undamaged to get their deposit back.

Of course it will probably never be perfectly 50/50, but do you think that’s a low estimation or high estimation for extra expenses on a property?

Having the extra rooms and bathroom seems like a waste since it's just the two of us right now so I was hoping to maybe make some money off of them if at all possible. 

We are thinking about adding some investments out of state.

I like having some extra buffers and protection for a first time buy, in order to get myself oriented in the process.

You are the best person to determine the needed income, the selection of the tenant and the approval of the lease.Go for it. i downloaded boiler plate lease here from bp. added few things  would you be willing to read my actual lease b4 we sign?

No cell phones, no texts, no online portals and rent payments, no electronic signatures, some email, newspaper ads and a lot of door knocking (I can almost feel some of you more seasoned PM vets nodding out there).