Is private lending as simple as it sounds or are there regulations to follow. 

On the other hand, some disadvantages of HOAs include the potential for restrictive rules and regulations.

@Viral Mehta why haven't you already implemented these procedures to test them out while you are still local?

You have to have an investor-friendly team who can advise you on specific areas and regulations.

Zoning and Regulations: Have you come across any zoning challenges or regulatory hurdles in setting up your house hack?

Just make sure you're not breaking any city rules when splitting the house.In most cases, you won't face issues if you split a house as long as you live there, but it's best to confirm with local regulations to be sure.

---So, ask about their standard operating procedures and make sure your management contract has an easy termination clause.What are your options if you experience one of the above?

I've drafted a Standard Operating Procedure (SOP) for attaching brackets directly to studs, which should provide enhanced stability.

I'm most cases you would run into security regulations.

You can write your own operating procedures and do quarterly and annual meetings between you and your partner, but it's not as complicated as it sounds.