@Justin HerringtonWhile Thorold does not give a maximum occupancy per dwelling unit in a direct manner, it appears to define any building providing lodging to more than four (4) occupants as a boarding house:“boarding house” means a building in which lodging is provided for more than four (4) persons in return for remuneration or for the provision of services or for both and in which the lodging rooms do not have both bathrooms and kitchen facilities for the exclusive use of the individual occupant;In turn, they restrict a rooming house or lodging house (but never marry definitions to that of the boarding house) as follows:Where a dwelling unit contains rooms intended to be used in conjunction with a rooming house or lodging house, the occupants may share a single bathroom provided that: (1) not more than nine (9) persons occupy the dwelling unit; (2) for each additional nine (9) persons or part thereof, there shall be an additional toilet, handwash basin, bathtub or shower; and (3) access to the bathroom can be gained without passing through: (a) a habitable room of another dwelling unit; or (b) an open area, which is not normally heated during the period of the year which heat is required by article 2.22.3 of this by-law.So, it appears to come down to whether boarding houses are permitted where you property is located (and whether they need to be specifically licensed), unless your building would be seen as a non-conforming duplex.This is the question, I believe Thomas was asking.

Location is key, but if you can fill a the lack of lodging in the area you could make it successful.REgards,Bogdan

If you rent your primary residence for period of less than 30 days, you must possess a zoning permit for limited lodging use.

I’ve seen data for a couple mature vacation rental markets and that 2007-2009 era barely affected any of them some even grew in tourism, travel expenditures, and lodging.

You are paying for lodging twice.

If anyone is interested I would love to get a group together to go on the mountain for a bit than talk real estate in the lodge.

Short not all inclusive summary of regulations:You need a Zoning Permit for limited lodging to rent your home for up to 30 consecutive days to any one person or group.

If you're in charge of figuring out and paying for your lodging arrangements, I don't see how anyone would even know, let alone care.

PROS: invest in an area with a higher rent to home price ratio to maximize profitability CONS: No FHA loan as the creditor would know that it's not my primary (higher DP), greater expense associated with upkeep as I would need to fly and pay for lodging to work on property4.

Initial renovationsFurnishing the rentalMonthly utilities, internet, TV, consumables9% lodging tax rateMarketing and bookingLet's say you make $17,000 a month income.