My understanding of the law (property located in Minnesota) is that I could technically tell them to kick rocks and keep both months rent but I'm inclined to meet them in the middle and refund the 2nd month's lease as I'm confident in my ability to find a qualified tenant by then.

Sure people can 'copy and paste' a strategy and rock it out, but it's my opinion that ultimately you have to figure out what works best for you.

Either way, make sure you've got a rock solid operating agreement in place that lays out exactly what happens if the investment goes south.Just remember, we're talking about your folks' home here.

I'm building a container home STR just down past the border in Arkansas near Table Rock Lake.

We're not far from you in Little Rock.

I'm super excited to keep going and really get my business rocking. 

But if you want stable rock solid cash flow day one then 30032   

On a bad street, the neighborhood kids could chuck rocks, bags of dog feces, beer bottles, or even target practice your home because they don't like the tenant (e.g., a neighborhood girl thought the tenant's daughter liked her man).

Your property values will drop like a rock and you will have to put up with all that goes with living next to an STR.

However, I can tell you our current team is rock solid.With regards to a CPA, I would HIGHLY recommend Jason Dubnik's team at Dubnik CPA.