@Nay Russ you might also want to consider Detroithttps://michiganchronicle.com/2024/01/03/major-developments-that-will-define-detroit-in-2024/More importantly, trust NO ONE!

As far as I can tell every HOA document has something like this one form or another:The term "single family residential purposes" also shall be defined as: (1) one or more persons related by blood, marriage or adoption, which may include only parents and their dependent children, siblings, parents or grandparents; or (2) by no more than two unrelated persons living together as a single housekeeping unit and their dependent children, siblings, parents or grandparents.See Article III Section 3.1 here as an example: https://1drv.ms/b/s!

As a society we define levels of theft according to seriousness - a kid stealing a candy bar versus Bernie Madoff - but we have pretty clear definitions of what is theft.

First and foremost, creating a legally sound structure, such as an LLC, and developing a comprehensive operating agreement is crucial to defining ownership rights, responsibilities, and exit strategies.

It would be helpful to define your goals, apperception vs cash flow instance, we definitely lean more apperception than cash flow throughout the area, however even within that there are gradations.

App_mode=Display_Statute&Search_String=&URL=0400-0499/0413/Sections/0413.08.htmlIt defines a service dog as: Service animal” means an animal that is trained to do work or perform tasks for an individual with a disability, including a physical, sensory, psychiatric, intellectual, or other mental disability.The statute also states: The crime-deterrent effect of an animal’s presence and the provision of emotional support, well-being, comfort, or companionship do not constitute work or tasks for purposes of this definition.

@Daniel Loane “Closing cost” should be better defined but it definitively won’t include any lender related fees.  

If you give it some time and have a good relationship with your tenant and clearly define an emergency you can do it on your own. 

How you differ from other STRs will really define if you'll make it or break it.

Larger companies that had many millions in their defined pension plan they administered for the employees and looked to diversify and get much better returns.. keep in mind in my day 80s in SF rates were 13 to 15% to the investor .4.