@Jonathan Greene@Carter Crowley@Adam Hollandsworth@Chad DeberryJonathan is right. 

Once this threshold is crossed, all the laws change, some for the better, some for the worse.Example: You are no longer a landlord, you are a business owner (like a hotel).  

But technically you would be out of compliance with an ordinance I think may cross the lines of housing discrimination.

Quote from @Dalton N Green: Quote from @Emma Mondrian: Quote from @John Mason: https://www.biggerpockets.com/forums/643/topics/1004216-tamp... 

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Ask the hard money to cross over the rental and this property which is sticky and messy as they may force you to sell both if things go badly.

Quote from @Jonathan Greene: It's great you are getting started.

There just isn't a way on this green earth a flood is going to total one of these buildings. 

Hi Jonathan Greene - I live in New Jersey and would like to eventually get into BRRRR.

Some of the types of products I am seeing labeled as build for rent include elements of the following or these developments are currently incorporating product labeled BFR: Suburban tract built home communities attached and detached townhome communitiesmaster planned communitiesmixed use communities cottage style home communities urban infill communitiespatio style home communitiesnew modernism and new urbanism neighborhoodsstick built small home communities horizontal apartment home communities with greater green space and more community programmingLet's catch up at some point to discuss further.