I also purchased a Taco Shop property in CA with a realtor friend at a song and it has been cash flowing for a consistent 5 years now.

I have been with this company for going on 3 years now which the lender said helps me out a bunch when trying to qualify.

Wish I knew then what I know now, hey I think that’s a song!

Let the song and dance begin.

You can get a second one for the property you wish to STR.There is a two-guest per bedroom limit, but there's no possible way they're going to bust you for going over it.All in all, the regulation is great if you live in the city because it effectively blocks outsiders.

I take full responsibility for going against my  better judgment and signing  the agreement!

But if you've got an income problem (as in too much) you can forgo the commission and save some tax dollars which can then be used to buy more real estate without paying tax on it first.

And when they start, you know how this song goes, it's all the look-backs and all of a sudden an avalanche of "stings" and what-not. 

Some people will forgo the lawyer part and just do the appraisal.You have a mortgage on the house so I don't know if you can do the deemed sale part.

If you got the first house for a song and a dance it would probably be better financially just because you're getting a better price on the skeleton than you would in a fresh build.