Deal details below:8 unit apt building + Adjacent 2 BR single family$325K purchase price - $76K investment from my partnerNets $2000 to $2400/monthLand Value $66K - Improvement Value $185K (county auditor's appraisal in Nov. '17)

But it's loan audits that can turn up cheaters, lying about occupancy, these are done by private compliance auditors hired by the bank, then you have regulators who audit and loan servicers.Audits are done in the early stage of the loan, after closing.

An update from the Jacksonville Business Journal, released today:The city of Jacksonville is moving toward collecting bed taxes from Airbnb hosts, with Duval County having the 17th highest revenue from the company in the state.Collecting taxes from Airbnb would make Duval the 40th of Florida's 63 counties to do so.The City Council auditor will begin determining how much the city should collect, following a vote by the Jacksonville Tourist Development Council earlier this month.The TDC also voted to begin a partnership with AirDNA Solutions, a subscription service company that provides advertised listings, room nights and other information to track.

@Brian SchlosserYes, but you might have to beat the IRS auditor in foosball :)

The auditor required different forms such as an attestation regarding your relationship with the LLC, rental property registration, and tax exempt paperwork.

I'll keep making money with no worries of a state auditor at my door. 

The IRS could theoretically assume you never lived in the property and tell you to "prove it" and based on the information you provide will prompt further question.For instance, if I were in the auditor shoes and auditing you, I'd consider utilities and mail forwarding, however I'd also look at bank and credit card accounts to see when the billing address was switched over.

The audit consisted of one monthly meeting with the auditor for 5 months.

Ive gone to auditor websites and whitepaged the listed owners.

I found a floor plan from the auditor's website and here it is:Now I am no expert on floorplans, but...