@David TonneLegal section on/off beach, Busch gardens/airport/seminole heights and a few other spots

In both scenarios with "shared" services, I would also give consideration to the shared responsibility & maintenance of the septic field , well, and equipment. 

The characteristics defined by the location include:Total capital required: If you can grow your portfolio using accumulated equity by cash-out refinancing, which is only possible in areas with high appreciation, you'll need considerably less capital from your savings.Inflation protection: Whether rents outpace inflation, enabling you to sustain your lifestyle indefinitely, only occurs in cities with significant and sustained population growth.Income persistence: How long your income will last.

Thanks so much for the consideration!

Like you said, a real estate attorney would be a valuable person to talk to, but here's what I have: Considerations: short/long-term rentals, co-ownershipTo keep your favorable mortgage rate, you can consider a Joint Tenancy or Tenancy in Common agreement without refinancing.

Hello Ethan,Turning your old home into a 5-bed, 2-bath Airbnb while having a conventional loan is generally permissible, but there are important considerations.

The subject is not considered an arms-length transaction and is therefore given no consideration when analyzing market trends.

Cost alone not being my biggest consideration.

Likewise there is an “assets” consideration to think about.  

The one that I am most concerned with right now is the ceiling height.