The Rules do not define these terms, and such a hostess should be limited to welcoming the visitors.

@Thomas Lam It's not unusual for a client to start but not finish a 1031 due to not finding a suitable replacement.  

Just a thought -- any roofing supply/wholesale companies you could visit or call? 

If no users express interest, then your listing stays visible on Rentsta at no charge until a suitable match comes along and contacts you.

Hi all, hope i'm in the right place and asking is a suitable question.

The house sits on a small but charming lot, so it won't be great for a family with multiple children, but would be suitable for an older couple or younger couple who work at nearby University of the Pacific.

Typical vague law, on purpose so government can define and enforce how it likes.So because the HOA forbade me to rent out as a 30-day minimum rental, which I could easily get $5,000+ in the high season and $3,500+ in the low season from mainland visitors (mostly Canadians), and the zoning department did not allow 2 families to live in the same single-family home, I had to move out of the home and would have to rely on long-term rentals from the impoverished local economy.So with the low rent against a high mortgage just made it not worth it at all and I was losing -$700 per month, even with an optimal renter.

@Peter Mckernan Probably not, suitability issues would likely have to have been determined during your contingency period.Account Closed Exactly what issues did you have?

YMMV with higher short-term rates but fewer short-term visitors during these months.Also, Airbnb has started collecting hotel/occupancy taxes for Chicago now and I believe such "transient" usage is defined as any stays less than a month.

I've never done this before, as this will be my first real estate investment property and I want to make sure I cover all my bases.What kind of due diligence should I do to insure that this lot is suitable for a home?