There are rules to follow!

You Turn the Living Room into a Fourth Bedroom.

Quote from @Sherylyn Holden: I posted awhile back about the new short term rental rules in San Antonio here: https://www.biggerpockets.com/forums/530/topics/1200417-new-...Wanted to share a brief update on my experience and some other helpful notes:The city is getting serious about these rules.

This fourth month, the rent due date passes and I am upset.I write her a 10 day eviction notice (pay or quit).

The 1% rule is a simple rule which is easy to calculate and describe.The Market Analysis IS the screening rule. 

For example can you enclose a dining room to create a fourth bedroom?

There are rules to follow!

My dad and I (both with access to VA loans) are about to get into the multifam game and how we proceed is really going to depend on the true occupancy rules for the VA and our lender.

Every flipper has found themselves at Lowe's for the fourth time in a single day, picking up yet another piece of material for a project.

However, there is no way to do so without risk.The Internal Revenue Services issues three (3) Private Letter Rulings (PLRs) that allowed the taxpayers to do just this.