The exception would be if this was already permitted for STR - short term rentals VRBO then it might be worth it based on location.If you just want to buy a home and have a unit to help cover the mortgage I would still insist on lower price point or NO HOA to help get the total mortgage down so that the other unit covers 50% of the overall payment.  

The fixer uppers are not cheap to get into and your capped on your ARV so the spreads can be thin and the permitting can be a nightmare. 

There are currently 9,000 properties listed in Lee and Collier counties and 2,000 or 22% took prices drops in the last 7 day alone.Adam -- I'm in the process of building on the Cape and for the newly permitted builds, I've noticed pricing is coming down on key building materials - roof trusses, windows/doors, shell pricing, etc.  

Egress will be required and depending on your municipality you may need rental license or permit.

In fact, Burlington permitted over 900 new housing units over the last year(that's 10% of their population)!

Here is a snippet of an email from Justin, one of many:"What she didn't tell you, the permit through the City alone was $150. permit was pulled and then had to be inspected.

Active management, however, can be seen as employment, which you might not be permitted to do.Forming an LLC: Forming an LLC itself is not typically considered employment.

Hey Denver Real Estate Friends.Currently in Nashville, where the attack on Airbnb is REAL. absolutely no STR permits to be issued in 2022. 

What are we trying to accomplish that is only permitted by creative financing?

Entitlements are about $5 per square foot with permit sets.