I've seen people get dropped from carriers  and claims denied because they did not disclose that the use of the home changed.

Have yourself/PM or designer pickup the plans from the architect/engineer and drop the plans off at the city

Just keep an eye on how both markets are performing, and maybe start small, like taking out $50k, so you can test the waters without over-leveraging.

First off, the water is probably coming from your unit.

Jeez, I would have dropped the biggest hammer I could find right on her.I get scammers are an issue but she is not the police of STRs.

Have done tons of cleanouts on evictions too, nothing surprises me anymore on how some people can live.The hot water tank had things growing in the hot water overflowing, the refrigerator was tucked in a back shed area where everything inside had liquified. 

Ok, so maybe I am not getting it but I have a hot water boiler with separate zones for each unit.

Would you Rather drop 14000 on 70k at 20 % ROI or 30000 on 150k at 10% ROI??

Storm sewer, storm pond, sewer lines, water access, fire hydrants, public bathrooms, surface coverage, sidewalk or bike paths, setbacks, power lines and right of ways known and unknown, road access, etc. 5.

If that's the case, you would charge rent + utilities + water or just lump it into one rent fee.One thing to keep in mind is that friends often bail on deals like this once you get it so you have to be prepared to have to figure it out if you get the house and he isn't interested.