I have a long time friend and business partner that is looking to buy a vacation property in Durango and asking if I am interested in going in 50/50 on it with him.

When some of us dared to report such matters to the proper authorities we were bullied and threatened with 30-day notices to vacate the premises.

The police officer basically informed me because the friend has been there over a week he can't do anything and that I have to give a notice of eviction for the friend with a reasonable amount of time to vacate and if that failed(it did) to file an eviction notice with the local justice of the peace which I have done.

Anyways, in our case we felt that a court would see all this as his intention to vacate, so we cleaned up the apartment and moved on.  

I'd like to say depending on your expenses and the extra things you would like to do as far a vacations, gifts, etc you could retire before year 5.

Depending on the laws in Kentucky and the local municipality, you could give the tenants a 60 day notice (could be as little as 30, check the local laws) to vacate the property.  

That way you know how to demonstrate a good value to them.I've moved a bunch of times and have looked for properties everywhere i vacation, Sometimes i get better service frrom a new agent, who has more time and energy and is 'hungry'.  

I have found a screaming deal on a residential condo, but the problem is that the master dec states that it cannot be used as accommodations or residence.It is in a resort area and the highest and best use is nightly vacation rentals (VRBO, Airbnb, etc.). 

If you're renting to them without a valid lease, that is, on a month to month basis, I think you should give them the month's notice required by NY Tenant Law, stating that that you are vacating the apartment for renovations after which there will be a substantial rent increase to fair market value.

They wish to use it as a weekly rental for reunions and vacations.