They are located in a hurricane zone. 

@Stetson Coursey first off where are you Welcome to the BP forums and where are you located?

If its solely due to the zoning is this in a location where the commercial use makes sense?

The rules are located in the footer of every page.Happy posting!

Is it better to open an LLC in the state where the property is physically located OR in the state where I live (Colorado)?

This requirement may be waived if there is a valid Resident Agent (point of contact) located within 25 miles of the Town of Baileys Harbor, in such a case, the owner/operator shall provide a copy of the Resident Agent contract to the Town and notify the Town within 30 days of termination of any such contract. b.

If you want to rent to college students, you could rent by the room for 10 month leases and if the location is right, Airbnb the property during the summer months.

Where is your rental located?

They also want to see that there will be a thriving rental market to support the property and that it is in an area with growth in case you need to sell the property.Providing a location for your property will help us understand the issue better.

I live in my PR located in IL, but bought a home in FL with my daughter which she is house hacking.