Is that the case or is it  I'm wondering if you need it to be considered a separate dwelling by the city to operate just the basement as an STR?

@Danielle DeCormisKey would be to find a DSCR lender that would allow for a second and then with that loan do you still meet dscr ratioA better bet would be to bring in an equity partner

Whether it's Airbnb, VRBO, FF, Zillow, FB, direct booking website, insurance relocation portals, databases from MTR operators who get a lot of insurance/corporate leads, CHBO, etc.The MTR space is still quite young, unlike STR. 

I find it easier to work with people and let them know the boundaries they have to operate in with their pets than to simply say no. 

I bet you don't have any friends who want to do this at your age so when you tell people about your dreams they say it's crazy.

"Seller" allowed a syndicator to "buy" the deal by paying "seller" presumably a lot of money and an agreement to take over all operations.  

For those who have done a base rent + percentage of wedding event operator revenue, what percentage did you use and how did you determine it?

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

It also is helpful to have a California LLC in case you ever sell that property and move into another state so that you do not need to form a new LLC altogether with new operating agreement, just re-register in the new state as a new foreign LLC.

The parent LLC will have an umbrella company agreement or operating agreement that will state the company is authorized to create specific series.