However, the inspector mentioned that the 2nd and 3rd floors are labeled as "Artist Dwellings," though he wasn’t sure what that fully entails.He suggested applying for a special permit to present the space as artist studios or dwellings, with the hope of eventually converting them into long-term rental (LTR) apartments under that designation.

Use the search feature (magnifying glass, upper right) and search for "tenant occupied property" or "tenant occupied rental" to find a ton of discussions.You need to know what you are doing.

This was the ideal value add situation, where I didn't have to change much on the layout.. mostly just design.

You could find a partner to help establish an LLC that rents out your property long term, then subleases on a short term basis (master lease is one that is designed for subleasing, it is a way many people pick up STRs without actually purchasing any property, they just find owners who are okay with them subleasing on a STR basis). 

With a mix of residential and commercial developments, it’s an attractive option for multi-family investments.Zionsville: This charming town northwest of Indianapolis features a lovely downtown area and is recognized for its strong sense of community and top-notch schools, making it a desirable place for renters.Avon: Situated to the west of Indianapolis, Avon is rapidly growing and offers a variety of residential options.

I use a very non scientific $20 per foot for furnishing which includes a designer. 

You can usually get the zoning destination with the property listing, then look that designation up in the town's zoning code to see which uses are allowed there.Basement habitation - There is a concern that limited egress, fire and CO are major risks to bedrooms and habitation in general of basements.

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One of the key features of the FHA loan was the Self-Sufficiency Test, which helped keep prices in check.

I actually ended up working with a DFY arbitrage program that finds the right property, negotiates the least terms with the landlord, and even has an interior design department to set up your listing.