This is even more crucial in the short term rental space as income and performance can vary wildly between property managers.

It was a city code meaning ‘Open Space’ whose authorized uses were basically a city park or nothing.

We found a way to make the basement into a rental space while still offering awesome value to the buyer.

However I have just learned the hard way that trying to rent a space in Wisconsin in the winter time is not fun. 

Should mention the square footage is reported accurately on the county record so no additional space was added. 

Right now we have a restaurant business in Eau Claire, WI, a printing business (w/office space) in Brooklyn Park, MN & a Boating Company in Brainerd, MN!

For myself personally, I live in a low income neighborhood, but because there are many students who live near me (we live in the city, so space to live in a good area is both limited and expensive) the rent is inflated massively. 

Just relax.

Most tenants from what I have seen have about 6-8 years left on their leases and I'm wondering what re-leasing the space is like, should they decide to leave.

Ask them if there are any vacant spaces in the park and what incentives would they offer if you brought your own home into the park.