I also love the idea of doing those leases where you want to extend it a month or two so that it ends in more ideal weather.

@Curt Smith Other extended stay target audiences are academics or visiting nurses.

There are a lot of other things but I won't make this post a novel, I'll just say keep in mind that since you'll be holding this property as a rental, all the money you put into the property extends your Break-Even point on recouping all of your prepaid money (land purchase, Soft and Hard construction cost, Loan cost from the construction loan) you're hoping to get back from tenants paying down your mortgage, basically when will you really start to make money on this deal?

Thank you for extending the courtesy of reaching out and connecting.

Thank you for extending not only your support, but your knowledge as well.

If you change tenants in that first 2 1/2 years, then your timeline is extended before you get into the black.

With that, we would like to extend a new 12-month lease to you; effective (insert the new lease beginning date), your new rent will be increased to (amount of new rent) and will be due to start (lease start date) until (lease end date).

I am going to ask the seller to inform the tenant that we will not be extending a new lease.

Doing the work myself, so the duration of the project may extend out into next year. 

@Diana DorantesI’ve never ever seen a rent to own extend past 3 years What I have heard is They pay a down payment, then rent credits are added to principal... then 2-3 years later then pay the remaining SUM