A short-term rental unit is defined to mean a building or a portion of a building that is designed for use predominantly as a place of residency by a person, a family, or families, but that is leased or available to be leased for short-term stays during the property tax year and is occupied by the owner for less than 30 days in a year.For those opposed, following is a link to a website with a partially completed letter to send urging defeat of this proposal. https://vrma.quorum.us/campaig...

Now since I have not paid myself, and I only have the materials to show on paper, when I go to adjust my cost basis this is my dilemma:I own the building (in a LLC)  - I worked on the buiding (without pay) - but since I own the building and did the work, even if Building LLC paid myself through my Real Estate Practices LLC a large check for work performed, that's still taxable income because I am the pass through entity on both LLC's, so it seems to defeat the purpose.

Although I’m worried about this, I don’t think it will pass in November for several reasons:1- all interests aligned with real estate, such as apartment associations,  developers, realtors, etc. will put ALOT of money behind defeating this.

With a complicated state like it is in, the tenants would not get much use of it, which would kinda defeat the purpose of having a yard in the first place.

Defeating the whole purpose of assuming the loan...The loan servicer's assumption department wasn't open today to answer my questions; I want to get my offer in over the weekend.

Very easily defeated, and any tenant with the little fob key can change the key and you'll be locked out yourself!

We defeat this by making huge balloon payments, but it still seems sketchy that the bank does this. 

@Jay Hinrichs we could do that but it kind of defeats the purpose of leverage.

Look up "FHA Self Sufficiency Test" Multis in Denver fail the test, unless you put a lot more down, which defeats the purpose of a low down payment house hack.I just finished a rough draft report with various house hack case studies for Denver with the new higher interest rate environment.

A few years ago I received an offer (as the listing agent on a 220k house) for 2.2 million dollars - on the contract both in numbers and in words (the software typed out the words on the OTP, which defeats the purpose by the way - how the agent did not see this, how the buyer did not check when signing - is beyond my comprehention!