It seems to be a rock solid single-family long-term rental area to me.

If the area is full of short term rentals (investor buyers) then the HOA is a big line item expense and does have an effect on the price.

Hello, The second mortgage would be a term loan, typically 30 years in second position against the property.

I ended up sending an email with a notice to vacate with 45 days where he violated the lease term: "Tenant shall conduct himself/herself in amanner conducive to the peaceful enjoyment of the Premises.

However, I only plan on staying in the property for one or two years before moving to a new home.Do I have to live in the property for the entire loan term (i.e. 30 years), else have my loan revoked?

My goal is long-term appreciation on a property w/sufficient cash flow to make a long-term hold practical.

Hello ~ I currently have a long term rental within minutes from me and just purchased a short term rental out of state. 

Going over your numbers, have you considered a long term rental instead?

Terms of your contract will control Typically, the agreement with be either a specified term or month-to-month, and should have a termination clause.

I want to make sure I form it correctly to avoid any headaches in the long term.