Especially with a long-term hold approach.

I certainly hope it all works out and maybe along the way they'll be changes that even help them in the long run. 

Hi BP Community,  I have a short-term rental (previously Airbnb) that I turned into a long-term furnished rental because the neighbors house was damaged by a storm.

Especially with a long-term hold approach.

Don't go for the highest number of doors, go for what will get you the most in the long run. 

We lived in it for a year, remodeled both units and put in place a long-term tenant on one unit and a mid-term tenant on the other.Here's a little more details about this deal:*   Purchase price: $163k*   Financed price: $132k @ 7.625% APR*   After repair (estimated value): $225k*   Gross rents: $2150 ($750 one year lease & $1400 six month lease)*  Annual taxes and insurance: $7000*  Approx credit score: 650 (I used interest free credit card to pay for remodeling this property and maxing it out caused my score drop almost 50 pts!) 

I renegotiated a Lease with my first property a few months back and pretty much stuck to the same terms as the prior lease agreement (minus rent increases). 

Does it have to be a specific reason to allow them to break the agreed rental contract or it only applies to long term lease? 

(Both legally zoned)  My current inexperienced understanding is that you can NOT be prevented from adding or replacing trailers so long as the pads themselves have been grandfathered in and are legally zoned.

While it may not be the best CoC that’s considered a solid long term investment cash flow by many.