We have an LOI and the seller has verbally agreed, but no contract has been signed. 2. the property is a northern VA hotel, bed & breakfast, and a restaurant.

The single family place is already zoned properly for the Chicago Bed & Breakfast license : )I'll have about $65k as a downpayment.

Since our house is very large, we have considered licensing it with the city as a legal Bed and Breakfast, so that is another option we are looking into if this legislation goes through.Our long term plan is to purchase rural properties (cabins) in the mountains, and rent them as short term vacation rentals.  

Interesting note about self storage - I had breakfast in the last two weeks with an appraiser whom I know well and he had the following: in the last recession, down turn, depression, financial crisis - whatever you want to call it - he did a lot of bank appraisals for foreclosures:Churches - apparently this is the first thing people quit paying, contributingSelf storage -  second thing - people will let their stuff go and quit paying rent for stuff they don't need.Just thought I would share, as I was talking to him about buying some SS .

Breakfast tacos are the best thing ever.You know, this thread has been going for months now, and when it started, I thought it was an odd question - obviously the big market is the better one right?

Understand what that number sequence means, how to apply it to REI, and then never making any decision without that number in mind. you showed me this about 5 years ago when we had Breakfast in Detroit and I did not understand it then and I dont understand it now :)

Their website says you would have to apply as "Bed and Breakfast", which requires you to be an owner occupant.Again, is this something that the city just isn't following up with?

They've obviously showered that morning and had breakfast, and it doesn't take much imagination to see that they're just straight out lazy.

@Michelle BulichBuy it, have the guys from ghost adventures film an episode, it's a real TV show(stupid, but a real show) and the market the sh$t out of the house as a haunted bed and breakfast, there is a market for that kind of thing.

I was looking to do a breakfast/lunch/dinner whatever works out type thing.