I am currently working and fully cooperating with the Mississippi REC on becoming compliant in every aspect of my business.  

No matter what you put in the lease, if you know people are living in the space you have to comply with the City and Ohio landlord laws.If you are permitting mixed use, I would start with a residential lease tailored to the City of Cincinnati and add the permissions and restrictions on commercial use.

I've stayed in properties that offer a small selection of drinks or cheeses from local farms but have never seen it scaled to other aspects of the property.I'm wondering if any STR investors out there employ a similar arrangement?

However, there are pros and cons to this approach:Pros:Streamlined Operations: Property managers can integrate their systems more efficiently, leading to potentially better management and guest experiences.Experience and Optimization: They might have established profiles with good ratings and reviews, which can help attract more bookings.Cons:Loss of Control: If you stop working with the property manager, you could lose access to the listing and the reviews associated with it.Dependency: Your business becomes more reliant on the property manager, which could be problematic if the relationship sours or if their service quality declines.As an experienced STR manager, you're already familiar with many aspects of managing rentals.

I recommend talking to a CPA who can look into the details of your case and provide tailored advice.

Online Courses and Webinars: Platforms like Udemy, Coursera, and BiggerPockets offer courses specifically tailored to new real estate investors.

I didn't make much money, but the most valuable aspect of the experience for me was learning how to find crafts people, acting as my own general contractor, and then learning what order in which to do repairs and improvements.

As a general rule, If tenants occupy the property for 30 days or more, they are generally treated like long-term tenants, with the primary difference being specific terms in the lease agreement tailored to the mid-term duration.

Tailor your analysis to the specific property and market conditions to make informed investment decisions.

Consulting with a tax professional can provide tailored advice to navigate the tax implications of this arrangement, ensuring both parties understand their reporting responsibilities and maximize tax efficiency within the tenants-in-common framework.Hope this helps!