Local building codes are going to dictate the options.I researched it several years ago and it ended up being cost prohibitive because of these reasons: 1.)  

The partner holding it in an SDIRA did explore ways to exit the deal with that entity and buy back in down the road with another, but the time, cost, and penalties made it prohibitive.  

Sounds like the kind of demographic/demand in north San Jose is more suited to MTRs while still providing the option to fill interim vacancies with STR using the 180-day limit.I have another question - Section 4741 allows HOAs to prohibit STRs of 30-days or less.

Strict IRS Rules: No personal use; prohibited transactions lead to penalties.2.

Any community with an HOA will most likely prohibit any short term rentals.  

The challenge I think you'll run into currently is the rates being prohibitive when it comes to the mortgage payment. 

My commercial loan prohibits owner occupancy

I did have a case where during a lease 2 roommates brought in a 3rd and I did not increase the rent, but do not think that is outright prohibited from discussion. 

We donated an easement only (not the land itself) on 1900 acres to prohibit logging or development for $4.5 million, which works out to about $2500 per acre. 

This amount should be enough to provide a financial incentive for the tenant to leave but not so high that it becomes prohibitively expensive for you as the landlord.