A piece of advice a  lease that end in the winter in the northeast I have not found to be the best however there are those that swear by month to month leases with required 30 or 60 days notice by either party to terminate written in the lease.

If there was an active property manager that person or company  should also be named as a party in the lawsuit. 

The appraisal part is unknown, and rents in the area (and demand) support a rate of $1100.   

Do not rely on it for legal advice.

You have terms in the lease that are legally required to be followed by ALL parties and if you do not shift to a business owner mindset from your current "past home" you will not manage your business in a professional manner.  

Check with your local attorney to determine what is legal in your state. 

Investing passively on a syndication is another great way to get exposure to the documentation that goes into a deal - on the underwriting side, debt/equity, legal disclosures, closing documents, etc.

I know Nashville has been a hot bed for Air Bnb controversy recently, but I think as long as it's your primary residence it can still work and be legal?  

It is kind of irrelevant and the contract between party 1 and party 2 is not listed for party 3 to dig through.

Protects both parties.