I agree, it will always be a risky business but if the numbers make sense and you accommodate for extra losses it can turn into great profit.If you’ve ever considered investing out of state , feel free to reach it would be great to talk about possible opportunities 2107091024

Our lease has a clause limiting the duration of guest stays in any year and spells out the additional rent for staying beyond that limit.However, if the tenant had a new child and their parents were coming to help with the transition, I would be reasonably accommodating.  6 months might push my desire to be accommodating, but for a good tenant I would let it slide.If I found out as late in the guest stay as you have, I would discuss the need for better communication and call it an opportunity to educate the tenant on my expectations.Good luck

Right we are trying to get long term or mid term rental style to accommodate more people. 

He offers a comprehensive coaching package at a reasonable price.https://davidmonroeccim.com/

Their is a comprehensive capex budget in the files section of BP.

Their daily rental rate was $220 when it is $150-200 for this type of property.Met with Tom from Airdna once pricing out some enterprise options and he told me the Rentalizer tab takes the 10-15 or so similar properties (beds and number it accommodates you enter) and mushes 'em all together.

I'm hearing you say - and correct me where I'm wrong - that even when you a) filter for how many bedrooms and b) how many guests you accommodate, what's left in your data are the couple of properties in your area with those details, but the spread of properties in your area is so different that it makes the data shown not very useful? 

It's important to spend the $40-100 for one month to review the data and be able to filter number of bedrooms and how many it accommodates for apples to apples. 2.

Reasonable accommodation may include waiving or varying pet polices and fees to allow an Assistance Animal.

We have cash reserves for renovation so I don't need funds beyond purchase.Pros and Cons for DSCR loan in this situation.Thanks, Pete One thing to always run the numbers on is the actual monthly payment regardless of rate - i.e. on DSCR Multifamily Loans you could definitely get an Interest-Only quote on a 30-year fixed where the first 10 years are IO, so even with a little higher rate, the monthly payment may actually be lowerCheck out this comprehensive article published here on BP on you exact questions (Multifamily DSCR Loans with pros and cons)https://www.biggerpockets.com/blog/multifamily-dscr-loans