There are 39 states where no license is required to do business purpose, DSCR, P&L, SBA, commercial, self storage, etc type of loan products.

I sense a bit of "purpose" that is driving you that you may not have thought of.

@Patrick Roberts wrote:"@Jay Hinrichs I know of one person who is buying high LTV preforeclosures Subto while they’re off market by paying the owners around $10k-$15k to walk away, quit claiming them into an entity, then seller-financing the entity holding title to the property to owner-occupants under the pretense that it's for commercial purposes on interest-only balloons at inflated values."

Hello @Lorraine Hadden,Agreed with @Matt DevincenzoWhen it comes to curb appeal for the purpose of selling a property, less is more.

.-- But the real nail in the coffin could come in the Colorado legislature which is considering reclassifying STRs as commercial property for property tax purposes.

For the purposes of simplifying this, let's assume that everything below would happen in Memphis and it would be about C+ class properties.  

@Al JeciusAre you in City of Flagstaff or Coconino County for zoning purposes?

Hello, Do I have to disclose my Massachusetts Salesperson License when buying an off-market property for investment purposes?

Still in NKY, but for investment purposes and being a lot more lively, I am househacking a little farther north.

Those property use codes may come in handy for other purposes, such as when my municipality is aiming to ban STRs.