Duel Residency to Avoid STR Regulations

[Adri Jusczak]

Hi All, 

I found a great Airbnb opportunity. I just moved to CA for work and this would be out of state but where my company's office is. In the city I plan on doing STR, if I don't occupy the property, they have a ton of regulations. Accessibility requirements, certified arch. plans, etc. If I owner occupy, all of these restrictions go away. It's a duplex, I would be able to live in the downstairs unit and STR the top unit. If I did that, I would be able to have minimal money invested and live "for free" and cash flow roughly $3200 monthly.

The question is, how is this feasible? I own my house in CA, my partner needs to be in CA. I would save a ton in income taxes by not being a resident of CA. Has anyone done this sort of thing for a deal? It would bring me closer to my goal of retirement a lot faster. Any tips would be greatly appreciated!