An insurance broker explained this to me in the past as the law of  large numbers which suggests if a a carrier has significant enough exposure in a market the probability of claims arising will be more consistent with probabilities calculated in their underwriting than a when a smaller sample size were to exist.

Attorney is Heyman Law office in Cincinnati.Any insight is appreciated!

The outcome will depend on the CCRs, local laws, and the willingness of the HOA to fight it.The reality is that for $500 a year, it's probably not worth you having a lawyer look into it unless you can get other landlords together on it.

I went to the Town Hall and asked if they had a law on the books and spoke with an individual who said my municipality has a "love hate relationship" with vacation rentals. 

Their rationale is based on Illinois law, where security deposits must be held in a separate account and accrue interest if held over 6 months.

He mentioned in his post how he spoke with three law firms and none of them agreed with his asset protection approach and was looking for referrals for someone who would agree with his strategy.

My wife and brother-in-law inherited their mother's house via a land trust and it was great in that it avoided probate.

It was amusing to see her realize that her rental properties were outperforming the 401(k) she had through her job at the law firm.

She owns a home 45 minutes away, with a $1100 mortgage payment and potential rental income of $1400 from the house, plus $500 from a mother-in-law suite (already rented).

There's gotta be some law on the books that it's a-ok to slap a really stupid person, like at a certain level of idiocy it's a public service vs assault, right, I mean seriously, come on.