If we determine that your dwelling should not be occupied because of damage or risk to property, health, or safety, we may, at our option, terminate this lease. 

Does the STR have to be owner occupied?

Our first of hopefully many.The cash flow when occupied will be in the neighborhood of $3500 to 4K with an 85% occupancy.How would you structure the payout?

using owner occupied loans can get 96.5% LTV.

@Ndy Onyidoreplying your strategy on #3, I will add the following for you to consider.Most of these properties as @Rick Baggenstoss had mentioned are run down , townhomes, land lots.There may be additional liens on top of the tax lien, such as HOA lien. also with the townhome communities, some of them has rental % restriction; meaning the HOA only allows so much % used for rental. the rest has to be owner occupied.

We’ve had 6 showings in the past week alone, which is already a lot, but the most concerning part is what’s been happening during these showings.Here’s the real kicker: there have been showings (with prior notice given) when we weren’t home, and my cameras caught prospective buyers entering unaccompanied—no realtor, no landlord, just strangers walking into my occupied home.In one instance, my husband happened to be home and answered the door.

Foreclosure should be the last possible step because it will take away you ability to finance any real estate for several years, even up to 7 years for owner occupied programs with good terms. 

Quote from @Alex Lickenbrock: Currently owner occupying a duplex in Cincinnati, but contemplating a move to Cleveland for personal reasons.

**Tenant Considerations:**If the property is currently occupied, you'll need to notify the tenants and possibly provide them with the right of first refusal or relocation assistance, depending on local laws.### Additional Tips:- Conduct a market assessment to ensure this conversion makes financial sense.

Occupying 8,000 square feet indoors and 2,000 square feet on a third-floor patio, this will be the largest In-N-Out in the world.