Even with the ban on new short term rentals, long term rentals are yielding incredible cap rates.

So, it worked out to buyers benefit actually, got seller off property. 

Also, 30-day notices are typically legally required to cover the regular term of the corresponding contract.

How can I ensure that our payment method complies with the loan agreement terms and the bank’s requirements?

Your husband does not qualify for REPS anyway, but you do not need REPS to benefit from the so-called STR loophole.More importantly, STRs typically create large tax losses in the first year only.Most importantly, taxes are never a good reason to choose a poorly performing investment, IMHO.Read this post: https://www.biggerpockets.com/forums/51/topics/1122635-the-s... 

The intent of these units are for short term rentals. 

Granted the terms I offer a lot of the time aren’t amazing (they have very low interest rates), but that’s the only way I can make deals work.

I'm looking for stress free investment with long term tenants.

Current lease term (expiration date, month-to-month)7.

Every week, I write a blog about my experiences as a long-term SFR investor and property manager who has has been fortunate enough to invest in many types of real estate in many different markets and many different market cycles.