Cities and “AirBnB” do not mix.

Some light reading online gave me mixed answers as to if you can legally do it anymore.

Currently the buyers closing attorney is not returning calls and the buyer isn't too happy about the mix up.

There's always the nagging thought that they could turn out like Brentwood Forest where they force more owner occupants, but I guess that's a risk I'm willing to accept.I think they're a great investment ESPECIALLY when there's a mix of sfr, multi, and condo (and condos in different condo associations). 

She mixed up the message saying there's been no attempt to *redeem* with "register." 

If you just purchased a property, you may have signed a disclosure stating the property was owner occupied and would be for a specific period of time.Your closing costs seem a bit high, but without the value of a loan estimate, I'm thinking you're mixing up prepaid interest and taxes with setting up and escrow account and maybe lender fees too. 

I have heard mixed things on Ohio, but I don't have any specific reasons why.

If the unit mix and location was a little better this would be a no brainer but at the current price it doesn’t work.

You should look into Series-LLC and see if that's an option for you - then you don't need to worry about this question, as you can place a property in its own children Series-LLC that you can form when needed.As for distribution, you can have one or more per LLC, and that depends on multiple factors:- property class - you might not want to mix A class property with a D class property in the same LLC, due to different tenant level- cash flow - you might want to keep your cash flow cow separate from the ones that barely produce- equity - you might want to keep the one with large equity in its own LLC while you can group the ones with little equity in another LLC (let's say you have one with 50K equity in its own LLC and 3 other each with only 10K in another LLC, till their equity grows to your risk threshold when you move them out in their own LLC).- number of units (in the case of MF)- location of real estateThe investor has to decide what mix is optimal for their situation.

My area is very mixed; very low income to fairly high income.