Would appreciate any pros/cons and or other considerations from anyone who has gone through this before.

If I had to I’d go a year, but taking into consideration the current market.

I’m hoping to learn from real-world setups and the considerations behind them.If you’re willing to share, I’d appreciate details on:Policy structure (HO + rider / landlord / umbrella / dedicated STR)Carrier(s)Annual premium (ballpark)Property type & stateApprox.

The assessor will take the new purchase into consideration but will not guarantee it to go to the new purchase price.

The main considerations are federal and state taxes. 

Maybe the Tenants advised they were planning on moving in the summer (in which case you might offer a shorter term and adjust the rate in order to keep the unit occupied until a better season for marketing), or yes, maybe they informed they were aware of prices dropping, and request consideration (maybe you offer to reduce the rate in four or six month "steps", or maybe they just "love it here" and you don't need to make a change (or offer them a longer term with pre-determined "step ups" in the rate). 

Thank you in advance for your time and consideration!

Legally, not aware of any issues, but check your state & local statutes.NOTE: To avoid Fair Housing lawsuits, you will have to enforce 100% of the time.Other considerations:1) SHOWINGS: you can prescreen for improved safety.

One agent I talked to advised to sell the condo but 3 considerations make me hesitate:1) First, my motivation for holding to the condo has never been the cash flow. 

Five designs are under consideration, including two that would be built on the Gulf Coast in Mobile.