.🔹 Airbnb is Facing Increasing Restrictions:New York City has implemented strict rules requiring hosts to register and be physically present, effectively banning many short-term rentals.Dallas and Atlanta have passed zoning laws banning short-term rentals in residential areas.California cities like San Francisco and Los Angeles are ramping up enforcement with hefty fines for non-compliant listings.🔹 Co-Living is Gaining Legal Ground:Colorado eliminated all restrictions on the number of unrelated adults living together statewide as of July 1, 2024, marking a major victory for co-living advocates.This week, Jacksonville Municipal Court ruled in favor of PadSplit, voiding citations for “illegal boarding houses” on constitutional and fair housing grounds.Cities like all over like Washington D.C. are considering zoning reforms to allow more co-living developments as an answer to the housing crisis.As Airbnb restrictions tighten, co-living is emerging as a scalable and legally sound alternative that balances affordability, tenant stability, and community needs.

Is that acceptable from the FHA perspective or do they want you to actually physically live in one of the units for the year? 

Have you guys ever purchased a property without physically seeing it?

Makes me wonder... is it the rehabs that get exhausting?

They want someone who is physically local that can be responsible for issues that come up.If you are required to hire a property manager anyways, might as well just pay them to do the tenant placement.  

I have a building on the outskirts of San Antonio, but it is considered San Antonio as far as a physical address.

I am not based in Detroit and can not physically go the office.

Willing to exhaust all options as this is a big fish. 

With the current language of the statute, after you exhaust Sec. 179 and 168(k), you cannot take them "again" in a future year unless that's part of whatever the new tax bill is going to be.

I see some larger single family homes in areas that appear to be zoned R2 that, at least from a physical perspective, seem like they could work for this.