STR, MTR, it doesn't matter, you can't house people there and would be in a severe insurance liability if something were to happen in an unpermitted addition or renovation.If it was permitted, you would use Furnished Finder for MTR.

I have several single-family homes here locally, operating as short-term rentals and long-term rentals.

I suspect most of these funds will be unwound not with bankruptcy but with severe haircuts for the LPs and break even or slight profit for the top dogs, and let's go heavy into RE courses and teach you how to get out of your paralysis type plays.  

In that case, you'll strongly want to consider what putting personal-use property inside of an otherwise business-use LLC would do to the liability shield, as well as insurance and tax reporting.There are several considerations that can go into the analysis of whether you need an LLC or whether a large insurance policy will suffice.

And thankfully, by the time I needed to execute on those options and actually complete the purchase of the leased properties, I had developed some private lender relationships that allowed me to complete those 3 transactions and several more thereafter.

we have done this before on several occasions.

I had put in for extenuating circumstances form several time and never received a response.

That is a recipe for disaster, and if it gets around there are hundreds of people that will provide him compelling ways to lose it all in "good" investments.Alas, financial self-education is something that is hard-won and severely lacking in this country.  

Last part might be a hot take, but that is coming from several long time investors I've spoken too over the years.Hope this helps!

There are several routes, but the best one is probably to give them a 7-day curable to remove the extra tenants.