What are the pros and cons of doing a leaseback to the seller vs. just extending the escrow period?

Guests have been understanding so far, but an extended outage still forces them to leave and stay somewhere else.

With Landlord approval, Tenant may be offered the option to renew for an additional 12-month period with a rent increase of at least 3% or to extend on a month-to-month basis with a 25% increase to the monthly rent.

Turned out that my extended unemployment during the pandemic was prohibitive and most lenders wanted me working minimum 6 months (ideally 2 years) again back in the restaurant industry.

Maybe you're ok with this if your investment strategy is to buy & hold for an extended period of time since you may be playing the appreciation game. 

He describes it as strategically taking your foot off the gas and unplugging for extended periods of time.

Using my personal funds could tie up a lot of my capital for an extended amount of time.

This summer my STR bookings have been through the roof but, then, I'm competing with hotels which cost a lot more or offer a lot less.No two ways about it, my extended stay rentals are a ton easier than my STR rentals and always have been.

If the tenant extends, I would waive the unpaid holdover rent. 

Upgrades to the home include extended patio, custom shelving, quartz counters installed in kitchen and new lighting.