You mentioned that you did your due diligence and that the people behind the project are legit.

Knowing the three cities mentioned is important for grading the neighborhoods and can vary street by street. 

@Andrew Street are the AirBnB Host Groups you mentioned above found on the Airbnb platform or through facebook, etc.? 

A couple of things to keep in mind: you mentioned PadSplit.

Pursuing a SFR in the fashion I mentioned above would be more amicable, but this depends on your ability to enter.   

I will look into the options you mentioned and factor in all the informative insights you shared.

Like someone else mentioned, doing a short term rental in a secluded basement that is very private and walled off is one thing, but sharing the same refrigerator, kitchen thermostat, etc. with a complete stranger seems like it will introduce more problems than what the money is actually worth.

you will need to look at the APN of the property and line it up with what you actaully bought. as mentioned the tax assessed value is not an indicator of value. the land could be a utility easement, used for stormwater management etc.

Thats a good reason to bring in no longer help myself in person to person negotiations on it.When I mention a revocable license agreement to continue use of the are in back, that is what the agent offered of his own accord and it and was explained to mean that if they were to need to do work there  I would not be compensated.

I mentioned its simplified version of "no more than 14 days" only in the context of our specific scenario: buying a new STR in December.