It is your only leverage to ensure the tenant complies with the terms of the lease.

As teachers part of our philosophy of education is that while we are the teacher to our students we always take our place as students first learning from our students and anyone willing to share new knowledge — we don’t know what we don’t know so we remain curious, hungry as life long learners.

But your goals, timelines, etc are not outlined at all.Common issues I see on these forums: everyone thinks they are getting a little cash flow, but over the long term, they are a) not getting as much as they underwrite and/or b) typically hurting long term value by creating cash flow through deferred maintenance.  

I have been in the short term rental space for quite some time now.

Pete for STRs.City of Anna MariaThe City of Anna Maria does allow short-term rentals; however, there are rules and requirements.

I have been doing research on BP and other places for a couple of months now and decided that buy and hold long-term rental BRRRR strategy will be best for us.

Do you want to try to make some cash flow or secure an asset for the long term so that maybe you can get some friends to rent rooms from you?

I'm particularly passionate about long term rentals. 

Fixed rate long term debt is usually the goal unless you're flipping property.

I lived in Sugar Land (until 2 weeks ago) and kept my old primary residence as a long term rental.