Unfortunately, it is usually irreversible, because that high level of trim work and materials is so expensive. 

Relieves the landlord from liability for property damage or personal injuries caused by the landlord's negligent acts or omissions.To put it simply, if the landlord causes damage or injury to a tenant then the landlord will be responsible for it.

Lawsuit from tenants for personal injury!

Plus negligence injuries etc.In my opinion, the single biggest risk of real estate is opening yourself up to potential liability.

.- If the tenants cause their neighbors to suffer a loss, through bodily injury or property damage, their Renters Insurance will provide protection that would compensate the injured party.

Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

@theresa I agree.. the more I think about it, the more skeptical I get that even if the Dept of Buildings approve it as an Airbnb, if that's enough grounds to stand on legally if an Airbnb client reports/sues me because of, I don't know, a medical injury because of hitting their head on the short ceiling (even if I disclose info about the ceiling upfront on the listing).

But, I wonder if being an city-approved Airbnb host with a legit registration # is enough grounds to stand on legally if an Airbnb client reports/sues me because of, I don't know, a medical injury because of hitting their head on the short ceiling (even if I disclose info about the ceiling upfront on the listing).

The contractor causes injury to someone visiting the property (instpector, delivery person, etc.).  

I kind of expected (hoped) the majority of lawsuits would not be tenant against landlord for injury...although we did have a second story deck collapse here, I belive on a rental unit.