Brain,I know she is an attorney but she is not a real estate attorney but a divorce attorney so I wouldn't be highly concern with her trying to use some kind of loophole to her advantage when it comes to leasing.  

For the life of me I'll never know why I never thought of doing 30 day+ rentals which essentially is the loophole which allows operators to run AirBnB properties legally as long the owner is ok with it (if you're the owner, I hope you approve yourself :) ). 

But it's a tax loophole.

A lot restriction is cooking in the Congress to plug the loopholes right now. 

Those that look for loopholes, read law literally and look no further in some interpretation thinking they know are usually the ones who end up getting hammered latter on. 

@Vickie Yang - Six months is the standard waiting period to get an ARV-based mortgage refinance and pull cash out, if your loan originator doesn't do anything special or exploit any loopholes or any of that. 

There are still work-arounds and loop-holes, depending on your situation and where the funding comes from. 

The "loophole" many states used is to say, "We are not telling tenants they don't have to pay rent; they still owe the rent; land lords simply cannot evict." 

Read a book called Loopholes of Real Estate.

The people that usually do well with this method do it after they been in quite a few standard investment transactions because they are not using it as a loophole in the barrier to entry in this business.