Is it better to do an extension of term of the lease or do a whole new lease? 

Cash flow, long-term appreciation?

The property currently consists or 3 furnished short-term rental units.

When you underwrite a STR also underwrite it for long term rental as well.

I understand if funds are not available it is easy get blinded by what saves the most, but if multiple people are telling you that it is a bad idea mostly likely is because they have learned that most of the times or never, saving in the short-term doesn't payoff.

The plan is to short term rent some rooms, or mid-term, and live in the primary until its doing so well I have to move out and refocus on a previous renovation that has stopped until this one is complete.

Long term strategy is to hold until it makes sense to sell, and that might be after only 2 years so I can reap the benefits without getting killed in taxes.

Long term strategy is to hold until it makes sense to sell, and that might be after only 2 years so I can reap the benefits without getting killed in taxes.

The goal is to build long-term wealth.

Our experience is in short-term rentals, but we are open to the idea of being landlords if we find the right property.Thank you in advance for your assistance.