The banker told me "The line of credit has interest only minimum payments and we renew it every 12 months and carry over the outstanding balance."

Having inexpensive electric and heating bills not only lets them pay rent more easily(and possibly allows you to command a bit more rent,) but when their lease comes up for renewal, they'll think- "Where else will my utility bill be so low?

It would be considered a commercial loan that is a one year term, and revolving, with option of renewing for a nominal fee.

I raised the rent a bit when the renewals came and eventually some started to leave and I was able to turn the units around one or two at a time over the course of a year.

Most HA's accept request as long as it has been a year but a few requires submission 60 days before Anniversary month(which is sometimes not the same as lease renewal month). 

I held that license for about 30 years that I had to renew every two years which required a two day class and a fee.Real estate is kind of a quantity thing.  

I kept renewing that license for about 30 years.  

I'm here on a work visa that i plan to renew indefinitely but it is a problem for some lenders.

when we CA brokers renew our licnese's right on the front page of the website is a disclosure.If you suspect non licensed persons selling RE without a license you are duty bound to report them.check it out.. this is going to become the norm.  

My plan was to let it lapse next month since I'm not with a broker right now anyway, but I may choose to renew it after I graduate next year so I can buy my own house.I am curious if someone can explain to me what the protocol for this would be?