When I find your hotel, what is your competitive advantage over staying at an established hotel?

@Cody L.Yes, in many areas, that is happening, but "investors" buy into the gamble.

@Ben LeybovichThere is a reason in most other investment or gambling markets there are very clear rules about what you can and can't sell and to whom.

We would charge a $50 violation fee for this.Then, we would determine if we would need the new occupant to leave immediately or if we were willing to allow the new occupant to go through the application process to qualify to live there.If a guest establishes residency, in the eyes of the law, then they become your tenant.... with or without the lease saying so... and they are entitled to full rights of tenancy.

In your seller shoes I'd look at establishing trust and putting properties in it.

In addition, we'd need to know the original cost of an established home, cost to remodel including all permits and fees, materials, labor, and other expenses going into it, along with actual comps fro the area to verify values. 

Few of our tenant accept the offer, but it goes a long way to establishing good will and keeping a good tenant.

@JD Martin If I remember correctly, the landmark case that established ghosts (or haunting reports) as something the seller must disclose to buyer, as a form of buyer protection, was in Connecticut.

Yes, you need to record the lien with the county recorders office to establish the mortgage lien and thus the interest is tax deductible for the payor and the only LP income is the interest.You can structure the interest/payment/etc any way you choose.

Establish a policy that ALL maintenance and repair requests are to be made in writing with no exceptions except for emergency issues.