There is also a HUGE possibility that should something God forbid go wrong and your house burns down, collapses, someone gets electrocuted or it floods and the insurance company finds out you had work done yet never got it inspected or had a permit they can and most likely will say, "well we are sorry but you had illegal work done which caused this damage therefore we are not liable to cover the damages, have a wonderful day". 

It collapsed the ceiling on the floor beneath.

To keep the DST from being pierced you MUST maintain compliance or the structure will collapse and all series would then be treated as one.

I mind regulations meant to interfere with the market.My feeling is simple: if the service workers can't afford to live there, the local economy will collapse and the tourists will move away and the rich remainder will be willing to pay prices that allow the companies to pay higher wages -- Equilibrium.What I don't like is businesses using government action in throttling short term rentals.

If you take a look back to 2008/2009 timeframe home prices didn't really collapse here, they just flatlined for a few years.

Wouldn't that be the same as if part of the house collapsed or burnt down then I tun around and say "It's not my problem move out if you don't like it?"

In fact, I think most experienced investors would agree that right now is the riskiest time to be BRRR'ing or flipping (or doing anything that requires hitting an ARV) since the housing collapse of the recession...Moreover, lenders have already become more restrictive, and there's a good chance they'll be even more restrictive in the near future (though, the lending pros on here can provide better insight on that issue than I can).I'm not saying it's impossible to successfully BRRR or flip right now, I'm just saying it's exponentially more risky than it's been in years--and therefore, not an advisable strategy for beginners (and even a lot of experienced pros are steering away from these strategies for now).Good luck out there!

They will collapse time frames and avoid the many pitfalls that could add to costly mistakes.

Most of the fears that paralyze "newbies" fall into two categories:Low-probability yet scary-sounding events - For example, "What if the US Dollar collapses as a currency and we have to resort to trading with sea-shells?"

Or, if you were a stand up guy, and you accept this terrible world collapse as what it is and not try to blame the person that tried to educate you, and give you a vision of someday having a net worth you could live off of.