Make sure you add to the calculations the possibility that you will be stuck with a lease unable to rent it out due to changes in the market or banning of STR in your specific market.

So they draw up by-laws and hold 1st meeting and it’s proposed they change restrictions to ban short term rentals.  

They city is no longer issuing STR permits for Type 2 properties and had planned to ban them outright in 2022. 

If they don't allow it, then it is banned.

Maybe you should reconsider your HD ban.

If you do not have this clause, you may have another clause that may be used to ban this clause.

Get this on the both of the partners.A common buy-out clause is for one partner (partner A) to make the other partner (partner B) an offer for their share of the company.  

Plus if they are highly restricted now, what if they go to a full ban?

Has anyone had experience with issues resulting from their property being held in an LLC? Baltimore City has a final City Council meeting at 5:00 PM on Monday 11/19/18 to vote on the bill 18-0189 (Short-Term Residenti...

I tried replying to you the day you commented, but I guess because I included some other people in the industry that I thought you might look into for just your own research and learning, I was told I was marketing and they deleted and banned my commenting that day lol.